The son of the US Secretary of Commerce leads the launch of a $30 billion cryptocurrency investment plan

BlockBeats News, April 23rd, according to the Financial Times, Brandon Luttner, son of U.S. Secretary of Commerce Howard Luttner, is leading the financial services company Cantor in a partnership with SoftBank, Tether, and the cryptocurrency exchange Bitfinex to establish a Bitcoin investment consortium with a scale of over $3 billion.

According to three sources familiar with the matter, the consortium will absorb tens of billions of dollars in cryptocurrency assets held by partners, following the successful path of MicroStrategy (MSTR.O) – the software company that has transitioned to a cryptocurrency investment and currently holds Bitcoin worth tens of billions of dollars, with a market value that has soared to $91 billion.

This move comes as the Trump administration is pushing for a cryptocurrency-friendly policy. Insiders added that Tether will contribute $1.5 billion worth of Bitcoin, while SoftBank and Bitfinex will contribute $900 million and $600 million worth of Bitcoin, respectively. (Jinse Finance)