From Cointelegraph

November 19, 2024 4:55:43 pm:

The future commerce secretary is a billionaire with ties to Tether, a controversial stablecoin. This could raise concerns about potential conflicts of interest in the Biden administration’s economic policies.

The billionaire nominee’s Wall Street firm has significant investments in Tether, a stablecoin that has faced scrutiny for lack of transparency and market manipulation allegations. This connection has raised questions about the potential influence of cryptocurrency interests on government policies.

Tether, the stablecoin in question, has been at the center of controversy due to allegations of market manipulation and lack of transparency. With the future commerce secretary’s ties to the firm, concerns have been raised about the impact of cryptocurrency interests on economic policies in the Biden administration.

Read more at Cointelegraph: Donald Trump taps crypto advocate Lutnick as commerce secretary