US Commerce Secretary’s Son Leads $3 Billion Bitcoin Venture with SoftBank, Tether, and Bitfinex

According to the latest reports from the Financial Times, Cantor Fitzgerald, a financial services company led by Brandon Lutnick, son of US Commerce Secretary Howard Lutnick, is working with SoftBank, Tether, and Bitfinex to form a Bitcoin (BTC) investment vehicle with a scale of over $3 billion. This initiative comes amid a recovery rally in BTC, which has seen notable gains over the past day. Is Cantor Fitzgerald Trying to Replicate Strategy’s Bitcoin Success? Financial Times, citing sources close to the matter, revealed that Lutnick’s special purpose acquisition company (SPAC), Cantor Equity Partner, raised $200 million in January. The money will fund the creation of a new firm named 21 Capital source: https://beincrypto.com/cantor-fitzgerald-bitcoin-investment/