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Cantor Fitzgerald Boss Brandon Lutnick Claims He Audited Tether’s Reserves Himself—Because Trust Is So 2017
Cantor Fitzgerald Boss Brandon Lutnick Claims He Audited Tether’s Reserves Himself—Because Trust Is So 2017
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Cantor Fitzgerald’s chairman just pulled a move straight out of crypto’s trust-but-verify playbook—by personally vouching for Tether’s reserves. In an industry where ’proof of reserves’ often feels like ’proof of creative accounting,’ Lutnick’s hands-on approach cuts through the usual hedge-fund vagueness.
Why it matters: With stablecoins under constant scrutiny, a Wall Street heavyweight putting his name behind Tether’s $83B stash adds fuel to crypto’s legitimacy push—or at least gives skeptics one less talking point.
The punchline: In traditional finance, this would be like Jamie Dimon personally counting vault cash at JPMorgan. But in crypto? Just another Tuesday.
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