A Controversial Crypto Firm’s Friend in Trump’s Cabinet
Politico reports that one of the world’s most controversial cryptocurrency companies, Tether, could have a major ally in Howard Lutnick, the billionaire Wall Street CEO President-elect Donald Trump has picked to serve as Commerce secretary. Lutnick is a leading U.S. booster of Tether.
“Just given his past connections and being a proponent of crypto and specifically Tether, it would help his credibility if he’s not in any way directly involved in decisions that would benefit them,” said John Pelissero, the director of government ethics at Santa Clara University’s Markkula Center for Applied Ethics. He added that it is “good that Lutnick has decided to divest himself of his interests in Cantor Fitzgerald.”
John Pelissero, director of government ethics, quoted by Politico.