Market News: Howard Lutnick’s son, nominee for U.S. Secretary of Commerce, may take over Cantor’s Tether business

Odaily News Howard Lutnick, a cryptocurrency supporter nominated by Trump for Secretary of Commerce, has previously stated that he will resign from Cantor, BGC and Newmark after Senate approval. Howard Lutnick is currently the CEO of Cantor. He plans to hand over the company's Tether business relationship to a colleague. It is said that the candidate is likely to be his son Brandon Lutnick. Brandon Lutnick previously interned at Tether's Swiss business unit and currently works at Cantor. He is said to have counted the gold bars supporting Tether's $660 million gold-backed token Tether Gold during his internship in Lugano.