February 25, 2025
Working With Congress
Following his victory, Howard stepped down immediately from his role at Cantor, passing the Chairmanship to his son, Brandon Lutnick. Tether CEO Paolo Ardoino is also working with Rep. Bryan Steil on the STABLE Act, a stablecoin bill introduced in Congress.
As the Chairman of the House Digital Assets Subcommittee, Bryan is co-sponsoring the bill with Rep. French Hill, who serves as the Chairman of the House Financial Services Committee.
A Change Of Heart
Despite Tether being under criminal investigation just a few months ago, Senator Cynthia Lummis, who previously called for the probe, has since changed her stance, voting to confirm Lutnick and praising Tether’s U.S. banker as a “friend” to the economy.
Moreover, with Lutnick now leading the Department of Commerce, the Owner-Operator Independent Drivers Association (OOIDA) hopes he will address national security concerns surrounding connected commercial vehicles.
