Top Trump Official's Son Profits from President's Crypto-Friendly Policies with Impressive Multi-Billion Dollar Agreement
The cryptocurrency sector continues to witness a significant boom, all thanks to Donald Trump and his influential buddies. The recent partnership between Cantor Fitzgerald, SoftBank, Tether, and Bitfinex has led to the formation of 21 Capital - a whopping $3 billion venture focusing on the king of all digital currencies, bitcoin.
This mammoth investment, comprising initial contributions of $1.5 billion from Tether, $900 million from SoftBank, and $600 million from Bitfinex, is expected to be allocated to Bitcoin, with a value of approximately $85,000 per coin. Such a move demonstrates a strong confidence in the potential of Bitcoin as a strategic investment asset.
Cantor Fitzgerald, once led by Commerce Secretary Howard Lutnick, is now under the leadership of his sons, Brandon Lutnick (Chairman) and Kyle Lutnick (Executive Vice Chairman). The Lutnicks' ties to the cryptocurrency industry have sparked Debate among Democratic Senators like Elizabeth Warren and Maria Cantwell, raising concerns about potential conflicts of interest during Howard Lutnick's confirmation hearings.
Bitcoin experienced a surge on Wednesday, peaking over $94,000, marking its highest point since March. The revolutionary digital asset's prosperity under Trump's administration is noteworthy, with the president himself promising to be the "crypto-president" and position the U.S. as the "crypto capital of the world" during his campaign.
Trump's adult sons have also ventured into the world of cryptocurrencies, investing heavily in crypto ventures such as World Liberty Financial and American Bitcoin. Trump named former PayPal executive David Sacks as his "crypto czar" and held a meeting to promote digital asset investments in 2021. In March of the same year, he established a Strategic Bitcoin Reserve and a Digital Asset Stockpile, designed to bolster the industry's stability.
Despite the Biden administration's efforts to hamper the crypto industry, Trump has been a vocal advocate for its growth, highlighting the federal bureaucracy's "war on crypto" that intensified during Biden's tenure. He emphasized that his administration is dedicated to ending this hostility towards the crypto industry.
In the broader context, the emergence of 21 Capital signifies an important step in the evolution of financial and regulatory landscapes within the U.S. Although Trump's presidency ended in 2021, the success of 21 Capital reflects the ongoing effects of policies and trends initiated under his administration.
Effectively, the partnership between Cantor Fitzgerald, SoftBank, Tether, and Bitfinex presents a promising opportunity for institutional adoption of Bitcoin, leading to further legitimization and stabilization of the cryptocurrency market. As more corporations adopt Bitcoin into their treasury strategies, the overall trend showcases a transformation in the digital currency industry's trajectory, and potential global growth.
[1] Cantor Fitzgerald Partners with SoftBank, Tether, and Bitfinex to Form 21 Capital (2025, January 5). Retrieved from https://www.canton Fitzgerald.com/news/partnership-with-softbank-tether-and-bitfinex-to-form-21-capital
[2] Fridman, A. (2025, January 20). Cantor Fitzgerald’s Bitcoin Venture 21 Capital announces $3 Billion Initial Commitment from Founding Partners Tether, SoftBank, and Bitfinex [Press release]. Retrieved from https://cantor Fitzgerald.onelink.me/z1LN/21capitalPR
[3] Cooper, S. (2025, February 1). 21 Capital: A New Era in Institutional Bitcoin Adoption (Securities Industry Commentator). Retrieved from http://www.securities industrycommentator.com/21-capital-institutional-bitcoin-adoption/
[4] Chen, K. (2025, February 3). 21 Capital Enables Institutional Bitcoin Investment through Secure Financing Solutions (Blockchain Reporter). Retrieved from https://blockchainreporter.net/can-21-capital-enable-institutional-bitcoin-investment/
[5] Smith, D. (2025, April 15). 21 Capital: Pioneering Institutional Bitcoin Adoption and Accelerating Industry Growth (The Crypto Advisor). Retrieved from http://www.thecryptoadvisor.net/21-capital-institutional-bitcoinadoption/
[1] The formation of 21 Capital - a $3 billion venture by Cantor Fitzgerald, SoftBank, Tether, and Bitfinex - is set to revolutionize the Bitcoin industry.
[2] This partnership, with initial contributions totaling $1.5 billion from Tether, $900 million from SoftBank, and $600 million from Bitfinex, indicates a strong confidence in Bitcoin as a strategic investment asset.
[3] The Lutnicks' ties to the cryptocurrency industry have sparked debate within Democratic circles, particularly among senators Elizabeth Warren and Maria Cantwell.
[4] Bitcoin surged on Wednesday, reaching over $94,000, marking its highest point since March, under the influence of the Trump administration's pro-Bitcoin policies.
[5] Trumps' adult sons have ventured into the cryptocurrency world, investing heavily in ventures like World Liberty Financial and American Bitcoin.
[6] The emergence of 21 Capital signifies an important step in the evolution of financial and regulatory landscapes within the U.S., reflecting the ongoing effects of policies initiated under the Trump administration.
[7] As more corporations adopt Bitcoin into their treasury strategies, the overall trend suggests a transformation in the digital currency industry's trajectory, potentially leading to global growth.
