Cantor Fitzgerald reportedly negotiated a 5% ownership stake in the stablecoin USDT issuer within the last year (as reported recently by the WSJ).

Howard Lutnick, CEO of Cantor Fitzgerald, is nominated as Commerce Secretary, which could affect U.S. crypto rules. His firm owns 5% of Tether and handles most of its reserves. He also introduced a $2 billion Bitcoin lending program.

Cantor Fitzgerald has agreed to a 5% ownership stake in Tether valued at approximately $600 million, according to the Wall Street Journal.

Cantor Fitzgerald agreed to buy a 5% stake in Tether; its ties to Howard Lutnick's firm could bring more political support under Trump, a report said.

Financial services giant Cantor Fitzgerald reportedly owns a 5% stake in stablecoin issuer Tether, a position potentially worth $600 million

Meanwhile, Tether is reportedly under investigation by federal investigators for potential violations related to money laundering and sanctions evasion. Tether denies these allega