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Is Howard Lutnick fundraising for Tether?

Summary by Protos
US Secretary of Commerce Howard Lutnick is personally assisting with Tether’s equity fundraise, according to Swan Bitcoin CEO Cory Klippsten. Citing a tip from a national news reporter, Klippsten claims that Lutnick is simultaneously running the Department of Commerce (DOC) and drumming up support for the stablecoin giant’s $20 billion open equity round. On September 23, Bloomberg reported that Tether was trying to sell approximately 3% equity i…
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Protos broke the news in on Friday, October 10, 2025.
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