Tether Spokesperson: Relationship with Cantor is strictly professional, Lutnick's regulatory influence is baseless gossip

BlockBeats News, November 24th, according to The Block, a spokesperson for Tether stated: "Tether's relationship with Cantor Fitzgerald is purely a professional relationship based on reserve management. The claim that Howard Lutnick joining the transition team in some way implies influence over regulatory actions is baseless."

Lutnick stated on Wednesday that following Senate approval, he will resign from his positions at Cantor, BGC, and Newmark, saying in a statement: "I intend to divest my interests in these companies to comply with the U.S. government's ethical standards and do not expect any arrangement involving the sale of stock in the public markets."

Prior to this news, The Wall Street Journal reported that earlier this year, Tether owner Giancarlo Devasini privately stated that Cantor Fitzgerald Chairman and Trump presidential transition advisor Howard Lutnick would use his political influence to mitigate the threats against Tether.