$Binance plea deal, ETF approval, Tether solvency audit...the major crypto black swan risks cited by doomers are being resolved one by one

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By Harry Wilson

01/16/2024 14:06:32 [BN]

(Bloomberg) - - Cantor Fitzgerald LP Chief ExecutiveOfficer Howard Lutnick said his firm has reviewedsome of Tether Holdings Ltd.'s balance sheet as thecryptocurrency giant's custodian and confirmed itholds the money it says it does.

Tether reported assets of about $86 billion at the endof Juneback about $83 billion of Tethers, Lutnicknoted. He said Cantor Fitzgerald manages "manymany" of those assets for Tether, which serves as afoundation for much of the cryptocurrency market andhas faced speculation for years that its coin wasn'tbacked one-to-one with dollars as claimed.

"They have the money they say they have," Lutnicksaid in an interview with Bloomberg Television fromthe World Economic Forum in Davos. "I've seen awhole lot and the firm has seen whole a lot and theyhave the money. And so there has always been a lot oftalk 'Do they have it or not?' and I'm here with youguys and I'm telling you we've seen it and they haveit."#TRB #CHZ #Launchpool #MANTA #sol