Commerce Secretary nominee Howard Lutnick defended Tether in a Senate hearing, arguing AI will "rid the world of criminals" using blockchain.
Cantor Fitzgerald CEO and Commerce Secretary nominee Howard Lutnick became visibly emotional at his confirmation hearing Wednesday as he recalled the more than 650 employees — including his
Howard Lutnick, President Donald Trump’s nominee for Commerce Secretary, said in prepared remarks for his Senate confirmation hearing Wednesday that he would focus on helping American companies and “take a thoughtful and rigorous approach” to the role.
The resolution of the shareholder complaint comes days ahead of Lutnick’s confirmation hearing for Commerce Secretary.
Lutnick is stepping down as head of investment bank Cantor Fitzgerald as he prepares to head the Commerce Department.
Howard Lutnick, President Trump's pick to run the Department of Commerce, is probed by the senator on the Tether connection of his firm, Cantor Fitzgerald.
Democrats are looking to exploit the Commerce secretary nominee’s vast wealth and financial entanglements at his confirmation hearing Wednesday.
Billionaire financier Howard Lutnick has emerged as an outspoken supporter of Trump's hardline trade policies.
The Commerce Secretary nominee called the law “necessary and important,” but stopped short of committing to honor the billions of dollars in finalized grant contracts.
Howard Lutnick, chairman and CEO of investment firms Cantor Fitzgerald and BGC Group, told the U.S. Senate Committee on Commerce, Science and Transportation that he would divest “all of my interests, my business interests, all of my assets, everything.”
Amid concerns over Tether’s involvement in illegal finance, US lawmakers grilled Howard Lutnick about his firm's ties to Tether.