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Cantor nears $3bn crypto venture with SoftBank and Tether
- Major global banks reportedly explore broadening cryptocurrency business in the U.S.
- This follows regulatory changes and a more accepting political environment domestically.
- Several large crypto firms reportedly seek to apply for US bank charters.
- President Trump has promised to be the 'crypto president'.
- These developments indicate a significant trend toward integrating cryptocurrency into traditional financial systems.
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Joint venture between crypto and traditional market giants should be born with 42,000 BTC, in cash, about US$ 4 billion
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Cantor Fitzgerald Links With Tether, Bitfinex and SoftBank to Launch Bitcoin Venture
The apples did not fall far from the blockchain tree. In February, crypto-fanatic Howard Lutnick, 63, stepped down as chairman and CEO of Cantor Fitzgerald after being confirmed as the US Secretary of Commerce. In his stead, his 27-year-old son Brandon took over as chairman and his 28-year-old son Kyle was elevated to executive vice chairman. On Wednesday, with the younger Lutnicks at the wheel, the investment bank announced a multibillion-dolla…
Coverage Details
Total News Sources59
Leaning Left1Leaning Right3Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
C 64%
R 27%
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