Commerce Secretary Lutnick Maintains $600 Million Tether Stake Despite DOJ Investigation and Senate Scrutiny
Commerce Secretary Howard Lutnick refuses to recuse from Trump’s Digital Asset Working Group despite maintaining a $600 million stake in Tether, a cryptocurrency under DOJ investigation. Multiple sources, including Senator Elizabeth Warren’s office, highlight Lutnick’s significant conflicts of interest. Cantor Fitzgerald remains deeply involved with Tether, managing its Treasury reserves and brokering investments, while Lutnick claims he has ‘divested’ his interests, though his family maintains substantial connections to the cryptocurrency.
Key Actors
Sources (5)
- Lutnick's Cryptocurrency Conflict: Commerce Secretary Nominee's Deep Tether Ties Under Scrutiny (2025-01-20)
- Howard Lutnick to Divest Corporate Holdings Amid Commerce Secretary Nomination (2025-01-21)
- Lutnick's Tether Stake Raises Conflict of Interest Concerns in Commerce Department Nomination (2025-01-22)
- A 5-star rating for conflicts of interest: Commerce Sec. Howard Lutnick's finances raise red flags (2025-04-24)
- Lutnick Could Sit on Crypto Council Despite Conflicts (2025-02-04)
Help Improve This Timeline
Found an error or have additional information? You can help improve this event.
Edit: Opens GitHub editor to submit corrections or improvements via pull request.
Suggest: Opens a GitHub issue to propose a new event for the timeline.