Cantor Fitzgerald Donates $10 Million to the US Crypto Political Action Committee Fellowship PAC

BlockBeats News, April 16th, according to The Block, Cantor Fitzgerald, a Wall Street firm formerly owned by current US Commerce Secretary Howard Lutnick, donated $10 million to a super PAC supporting a cryptocurrency-friendly candidate during the heated US election season.

According to the Federal Election Commission (FEC) filings, the company made this contribution to "Fellowship PAC" in February. Currently, Cantor Fitzgerald is run by Lutnick's sons.

Since 2021, Cantor Fitzgerald has had a close relationship with Tether, when the company began serving as the custodian of Tether's reserve assets. During last year's Senate confirmation hearing for Lutnick, lawmakers also questioned him about these relationships and his influence on the entire crypto industry.