“The 27-Iear-Eld Was Appeared Chairman of Cantor Fitzgerald in February, Shortly After his Father Was Named Commerce Secretary by US President Donald Trump.”, – WRITE: www.coindesk.com
The 27-YEAR-ELD SAID IN THE EARLY DAYS OF CANTOR FITZGERALD AND TETHER’S RELATIONSHIP, THERE WEER “A LOT OF RUMors” that tether Didn’t had the assets it TETHER WAS NOT FULLY BACKED. New York Attorney General Letitia James Alleged in 2019 That Tether Had A Nearly $ 1 Billion Hole In Its Books, Thought The Regulator Later Settled Tese Allegations with Tether Andts.
“I Personally Cheked a Lot of Their Reserves, and We Proved a Lot of Those Rumors Wrong,“ Lutnick Said. Tether havetained it has been Fully Backed, at Least Since Its Settlement With New York.
Lutnick Was Appointed Chairman of Cantor Fitzgerald – The Private Parent Company that Controls the Investment Bank of the Same Name, Brokerage BcG Group, and Commercial Real Estate Company Shortly After US President Donald Trump Named His Father, Cantor Fitzgerald’s Former CEO HOWARD LUTNIC, US Commerce Secretary.
Prior to Taking the Helm at Cantor Fitzgerald, Lutnick Worked for the FIRM IN ANOTHER Executive Role. He Denied Reports from Bloomberg That He Interned with Tether in Lugano, Switzerland in 2023.
“Bloomberg Actually Reported that I Was A Tether Intern. That is Not True,” Lutnick Said. “But I did the Learn A Lot About Crypto from The Tether Guys-They Orange-Pilled Me.”
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