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Politics

Pedro Camacho

Trump Commerce Secretary's $600M Stake in Crypto Firm Operating In El Salvador Suggests Potential Conflict of Interest: Report

Tether El Salvador Elizabeth Warren Donald Trump Howard Lutnick Cantor Fitzgerald Confirmation hearings

U.S. Commerce Secretary Howard Lutnick besides President Donald Trump (Credit: Photo by Win McNamee/Getty Images))

Howard Lutnick, former Trump administration commerce secretary and longtime CEO of Cantor Fitzgerald, holds a significant financial interest valued at $600 million in Tether, a cryptocurrency firm now operating in El Salvador, according to a new report from The Guardian.

The scenario has raised concerns over potential conflicts of interest, especially given Tether's rocky regulatory history and its ties to the government of Salvadoran President Nayib Bukele, The Guardian claimed.

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One subscription that gives you access to news from hundreds of sites

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Some in Florida and Alabama without power as Isaias moves north to Appalachians and Mid-Atlantic

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Woman finds an off-duty ICE agent asleep on her lawn at 3 AM. He allegedly attacks her 72-year-old father, who fires one shot and won’t be charged

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