Bitcoin is a commodity it should be treated like gold and like oil crypto has been no stranger to bullish catalysts lately but what if I told you that one of the most powerful forces in global Finance is quietly gearing up to shake things up in a big way and that's because Cano Fitzgerald a name synonymous with wall Street's Elite is making some serious moves into crypto moves that could pump the entire crypto Market into 2025 let's dig cter Fitzgerald was founded back in 1945 by Bernard Gerald Kantor and John Fitzgerald what started as a humble
Investment Bank quickly evolved into a wall Street Powerhouse in its early years cantle ventured into large block sales and Equity trading for institutional investors setting the stage for its future success a significant Milestone came in 1972 when the company became the world's first electronic Marketplace for US government securities putting it on the map for technological advancement in finance The Firm would double down on its commitment to technical Innovation after Howard latnik became cantor's new CEO in 1991 for context Howard joined the company back in 1983 as a fixed income analyst before quickly moving his way
up the ranks by 1991 just 8 years later Howard was named as the new CEO of canor Fitzgerald under Howard's leadership Cantor would go on to develop ese which would be developed and released in the 1990s as one of the world's first digital platforms to offer 24-hour trading of us treasuries espeed revolutionized the bond market today counter sherald is recognized for its expertise in Investment Banking asset management and various other Financial Services however the company's story isn't just one of financial success it's also one of resilience and that's because Cano Fitzgerald suffered unbelievable losses in
the attacks of 9/11 you see the company's headquarters were based in the World Trade Center just several floors above the Impact Zone of one of the aircraft uh just after the just after the plane hit and he told her that um sadly every single person that was at work that day passed away more specifically out of the company's 960 staff members a staggering 658 of died along with 46 contractors Food Service workers and visitors who were in the office on that day this tragedy accounted for nearly 70% of cantor's Workforce and about a quarter of
the total number of victims marking the largest loss of life suffered by any single organization on that day Howard himself would have normally been in the office that day but as chance would have it he was busy taking his son to his first day at kindergarten instead when he saw the attacks he tried to get to the the scene but was unsuccessful and ended up surviving on the ground level by taking shelter under a nearby car truly crazy stuff as difficult as it must have been to watch everything unfold Howard made a pledge to ensure
the company would go on and prosper now Canter Fitzgerald pledged to distribute 25% of its profits to the families of the victims over the next 5 years and paid for the next 10 years of their healthare this pledge was maintained and by 2006 the company had paid out over8 $8 million and this would mean that each of the 658 families would receive around $270,000 although this is a rough estimate since then cter Fitzgerald hasn't just healed but has grown to become a financial services Powerhouse with over 12,500 employees across over 20 different countries and by
the way if you guys are enjoying this video so far then pound those like And subscribe buttons and don't forget to flick that notification Bell as well to make sure you don't miss our next one so then now that you may know more about CTO Fitzgerald you may be wondering what any of this has to do with crypto as it turns out Howard letnik has been quietly positioned in counter Fitzgerald to make a serious Splash in the crypto World his move into digital assets came after the office of the controller of the currency announced in
July 2020 that Banks could provide custody for digital assets uh to seize the opportunity Howard Dove head first into the crypto space even though by his own admission he knew next to nothing about it so he went out of his way to speak to key leaders in the space to learn more and by chance he would then meet tether's Chief Financial Officer Jean Carlo defini Howard reportedly went to extraordinary links to maintain a direct and personal relationship with Jean Carlo according to the Wall Street Journal Howard would even fly privately to meet Jean Carlo due
to rumored legal risks if Jean Carlo flew to New York this level of secrecy raised eyebrows in the crypto Community especially since only a select few Cantor Executives were allowed to interact with tether considering that tether's biggest controversy has always been its lack of transparency keeping things Hush Hush didn't exactly Inspire confidence in any case Howard was present at this year's Bitcoin conference where he said that he saw various media Outlets accusing tether of not having the money it claimed and basically being a Ponzi schem so as Howard says quote I basically told Jean Koo
the movie line show me the money they gave us complete access to due diligence we found every penny he also admitted that tether's reserves were held in what he called some pretty godforsaken places as specifically Chinese commercial paper which offer higher yields but are considered high risk due to unpredictable regulations to reduce this risk Howard offered a solution let Cantor managed tether's reserves replacing Chinese commercial papers with us treasury bills once they matured tether agreed and since 2021 Canto Fitzgerald has managed billions of dollars in tether's reserves with Howard becoming one of its most vocal
Defenders as Howard said in his Bitcoin conference speech quote I can tell you with absolute certainty that tether usdt has every penny and it can produce liquidity on a moment's notice because they have their us treasuries with cter Fitzgerald a primary dealer who can create liquidity instantly in fact kofit Gerald is so supportive of tether that they recently acquired a 5% stake in the company which could position tether to receive extra political support but more on that later anyway aside from usdt the only other crypto that Howard advocates for is Bitcoin in fact and part
of his speech at this year's conference was the announcement that cter Fitzgerald would be offering a new Bitcoin financing business essentially a leverage platform for BTC in a separate interview in September this year Howard also said that Bitcoin should have similar regulatory treatment to gold and oil but while Howard believes like many others that BTC is analogous to Gold he's also dismissed every other altcoin excluding usdt as uh just not a thing to be fair we reckon this is more of a lack of understanding and keep in mind that Howard didn't know anything about either
usdt or even Bitcoin before he went out of his way to learn more about their potential as he learns more his stance could change but only time will tell in any case Howard's Journey from Wall Street Titan to crypto Advocate is emblematic of how the traditional Financial system is converging with decentralized crypto Alternatives and some would even argue that Howard's involvement with tether gives the company a new of [Music] [Applause] credibility the coin Bureau deals page it won't make you stronger but it will make you better at crypto now on top of being an avid
supporter of tether Howard lutnick is also a significant supporter of president-elect Donald Trump and this is where things get really interesting you see Howard was a major donor in both Trump's 2020 and 2024 campaigns Howard's support of trump can be traced back to 2017 where he donated $1 million to Trump's Inaugural Committee in 2019 Howard hosted a fundraiser at his Manhattan home raising around $5 million in support of Trump's 20 20 campaign more recently Howard hosted another fundraiser for Trump in August of this year this time at his Bridgehampton home I mean come on guys
he's a billionaire he's not going to use the same venue twice and this time around Howard raised $15 million for Trump's campaign the largest raise by far but it's not just the fundraising that Howard has been doing for Trump lately as it happens the cantle CEO has also become personally involved in Trump's campaign efforts even tagging along for rallies and of course giving some speeches Howard has been especially vocal about his support for Trump's tariff proposals which he describes as an amazing tool to protect the American worker and you can learn more about these tariffs
in the description below this support hasn't gone unnoticed and as such Howard was chosen to co-lead Trump's transition team alongside Linda mcmah the co-founder of the World Wrestling Entertainment or WWE the ition team will be responsible for organizing policies and managing staff which Howard and Linda will oversee alongside other honorary chairs including Vice president-elect JD Vance and Trump's own Sons Eric and Donald Jr as if that wasn't already crazy enough in November Howard became a candidate to become the new US Treasury secretary ultimately he was given a different position by Trump as the secretary of
the Commerce a role that many believed Howard would be the most likely cand cidate for for context the United States Secretary of the Commerce plays a crucial role in managing the nation's economic policies and promoting business growth uh some key responsibilities include being an official adviser to the president and overseeing the economic growth of the US everything from job creation to international trade as the Secretary of Commerce Howard will be a Cabinet member meaning that he will be directly reporting to Trump and helping with high level decision- making this ties into another area where Howard's
involvement with Trump could have major influence on Trump's policy decisions around the time that Howard was designated as a co-chair of Trump's transition team he also met with the world's busiest billionaire Elon Musk to propose the department of government efficiency as a fun fact Howard's bio on X literally names him as a doge founding member Howard deliberately called it Doge to amuse Elon who is a known fan of Dogecoin unsurprisingly the Doge father himself loved the idea and later floated it by Trump who immediately threw his support behind it unsurprisingly Trump's announcement of the Doge
initiative sent Doge the crypto that is flying you know the classic Elon effect anyways you can learn more about that in the description but what exactly is the Department of government efficiency anyhow well despite the name it's not an actual government Department instead it will serve as an Advisory board that operates externally the Doge will be run by Elon alongside V ramaswami yet another billionaire entrepreneur according to Trump the do's responsibility will be to quote dismantle government bureaucracy SL excess regulations cut wasteful expenditures and restructure federal agencies essential to the save America movement essentially this
means carefully analyzing the ways the government invests its money in order to find a way to reduce federal spending according to Elon the Doge could reduce US government spending by as much as two trillion dollar and that's trillion with a tea he also said that he'd use a public name and shame leaderboard to expose anyone who was abusing the system so to speak in his words quote this will send shock waves through the system and anyone involved in government waste which is a lot of people in any case if you were wondering how Howard plans
to balance being the CEO of Canter Fitzgerald and being the new secretary of Commerce the short answer is that he isn't Howard has announced that following his selection for the role he will step down as the CEO for Cantor in order to refocus his efforts now this begs the question of how Howard latnik could potentially influence positive crypto regulations in 20125 and this is where things get exciting because there are a lot of answers in fact in fact Howard lck could potentially be about to play one of the most pivotal roles in shaping positive regulatory
Frameworks for crypto uh for instance as Trump's new Pro crypto Secretary of Commerce Howard will likely advocate for the classification of cryptos as Commodities as we mentioned earlier Howard believes that BTC should be treated as other Commodities like gold and oil and has called for regulatory Clarity in this regard this Clarity is something that the crypto industry has been crying out for for a very long time well in his new role Howard could promote the very policies that provide that Clarity other policies that Howard could influence could include Pro crypto trade policies uh given that
he will have oversight of the US trade Representatives Office Howard could negotiate international trade agreements that favor the use of cryptocurrencies of course Howard's obvious choice here would be usdt regardless though this would be bigger than you might think and that's simply because it would facilitate the use of digital assets for crossborder trade in other words it would put crypto payments front and center around the globe it could even be supportive of stable coin payments in the US specifically using usdt another way that Howard could influence positive crypto policies in 2025 is by engaging with
key players in the crypto industry put simply Howard's background as C ofice Gerald CEO not to mention his reputation as a strong and resilient business leader positions attempt to engage with other industry leaders this would allow people from every segment of the crypto industry to come together and discuss which best practices would benefit the crypto sector Paving the way for Innovation across the space and this relates to what will most likely have the biggest influence over crypto regulations and that's collaboration between other Pro crypto officials and this includes the likes of Paul Atkins who will
replace Gary Gensler as the chairman of the SEC and David saxs who was recently appointed as Trump's a and crypto Zar As Trump wrote on his social media platform a truth social quote David will guide policy for the administration in artificial intelligence and cryptocurrency two areas critical to the future of American competitiveness David will focus on making America the clear Global leader in both areas and no pressure then hey Dave anyway even though David is the one tasked with pioneering the AI and crypto space in the US it's important to remember that it's Howard's responsibility
to oversee business growth in the US and given that crypto is one of the most Innovative businesses in the world it's safe to assume that Howard will be working very closely with David in the coming months and years okay then folks time for the big question what does all of this mean for crypto more specifically what does this mean for stable coins and the crypto payment sector well in case it wasn't already obvious uh the crypto industry could be about to explode and this is simp simply because Howard is one of the most Pro crypto
candidates that's been appointed by Trump as such you can think of him as being a major node in a larger network of government initiatives and departments that could roll out the red carpet for crypto Innovation consider for a moment that a key reason why many institutional investors are hesitant to double in crypto is because of the lack of regulatory Clarity logically the more that crypto becomes legitimized the more institutional investors will feel the fomo this is especially true when it comes to stable coins which have become the backbone of the crypto market and are deeply
intertwined with Howard's personal and professional interests stable coins are de facto digital dollars and more importantly they're backed by US Government debt which makes them of strategic interest to the us from our perspective the only thing standing in the way of widespread stable coin adoption in the US is regulatory Clarity if that comes then we can easily see the case where stable coins become an integral part of corporate treasuries everywhere consider that stable coins like USD offer additional benefits such as instant lowcost settlements for Global businesses with the right regulations we could also see stable
coins and BTC for that matter being integrated more with major payment networks such as visa and MasterCard this could be more likely than you think given that Howard has advocated for bitcoin's role in Internet ational trade the only potential risk this regulation presents is that it could open the door to stable coins like usdt being used as a de facto cbdc and this is something that some are already concerned about after all stable coin issuers have been known to freeze funds at the requests of law enforcement on the one hand this is good because it
cuts off crime at the source and potentially saves lives on the other hand some would argue that this spits in the face of decentralization and is exactly the sort of thing we're trying to avoid in cbdcs I guess that debate really comes down to your own moral compass in any case the key takeaway with Howard's involvement in the Trump Administration is that the stable coin rails on which most of crypto runs are about to get some serious lubrication and this will be extremely bullish for all of the altcoins that support these stable coins but uh
that's a topic for another video okay guys that just about wraps it up for today if you found this video insightful let us know by Smashing those like And subscribe buttons it really helps us out of course also hit the Bell as well to make sure you don't miss more content like this thank you all very much for watching and I will see you in the next time this is Nick over and out [Music]
