Trump appoints CEO of a crypto-friendly company to lead his potential transition team

ChainCatcher news, according to The Block, Republican presidential candidate Donald Trump announced that if he is elected president again, Tether bank Cantor Fitzgerald CEO Howard Lutnick will help lead his transition team.

It is reported that Lutnick will serve as co-chair alongside former U.S. Small Business Administration Administrator Linda McMahon. If Trump is elected, his vice presidential pick JD Vance and Trump's sons Donald Trump Jr. and Eric Trump will serve as honorary chairs.

Tether CEO Paolo Ardoino previously stated that Cantor Fitzgerald has been serving as Tether's custodian since the end of 2021. Paradigm Vice President of Government Affairs Alexander Grieve stated that Trump's choice is significant for the crypto industry.