Trump Commerce Secretary's Crypto Firm Ties to El Salvador Reveal Complex Business Networks
Commerce Secretary Howard Lutnick’s Cantor Fitzgerald has significant business interests in cryptocurrency, including a 5% stake in Tether and a $775 million investment in Rumble. These investments reveal complex connections between the Trump administration, cryptocurrency firms, and El Salvador’s government, highlighting potential regulatory capture and conflict of interest.
Key Actors
Sources (4)
- Trump cabinet member's links to El Salvador crypto firm under scrutiny (2025-05-14)
- Tether hires Trump's top crypto official Bo Hines to help lead U.S. stablecoin expansion (2025-08-19)
- Trump Commerce Nominee Lutnick Is Backer of Outlaws' Favorite Cryptocurrency (2025-01-18)
- Tether Considers US Expansion Amid Trump Presidency and $10B Profit (2025-01-17)
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