According to reports from Wu, Brandon Lutnick, the chairman of Cantor Fitzgerald, revealed at Consensus 2025 that he personally verified Tether's reserves during early collaborations to address market doubts. He denied interning at Tether in 2023 but acknowledged learning about cryptocurrencies from the Tether team. Lutnick took office in February 2025, and his father is the current U.S. Secretary of Commerce.