Cantor Fitzgerald Chairman Clears Up Tether Reserve Rumors at Consensus 2025

Brandon Lutnick, Chairman of Cantor Fitzgerald, addressed concerns regarding Tether’s reserve transparency during the Consensus 2025 conference in Toronto. He clarified that he personally examined Tether’s reserves and found many rumors to be unfounded. Lutnick pointed out that past collaborations with Tether faced skepticism due to unsubstantiated claims suggesting a lack of sufficient reserves. He further refuted a Bloomberg report claiming his internship at Tether occurred in Lugano, Switzerland, emphasizing that it is factually incorrect.