Odaily News A spokesperson for Tether said: "Tether's relationship with Cantor Fitzgerald is a purely professional one, based on managing reserves. It is nonsense to claim that Howard Lutnick's joining the transition team somehow means he has an impact on regulatory actions." Lutnick said on Wednesday that he would resign from Cantor, BGC and Newmark after Senate approval. He said in a statement: "I intend to divest my interests in these companies to comply with the ethics of the U.S. government and do not expect any arrangements involving the sale of shares on the open market." Howard Lutnick, CEO and major shareholder of Cantor Fitzgerald, served as co-chairman of President-elect Trump's transition team and was recently nominated as Secretary of Commerce. (The Block) Earlier today, according to WSJ, Tether CFO Giancarlo Devasini privately stated earlier this year that Howard Lutnick would use his political influence to try to defuse the threats facing Tether. Lutnick owns a majority stake in Cantor, which holds most of Tether's $134 billion in assets. Cantor owns 5% of Tether.