Cantor Fitzgerald Gives $10 Million to Tether-Led Crypto PAC

Cantor Fitzgerald, the Wall Street bank run by the sons of Commerce Secretary Howard Lutnick, has donated $10 million to a super PAC led by its biggest client and designed to elect US political candidates supportive of cryptocurrency.

The bank donated in January to Fellowship PAC, which counts the government affairs chief of stablecoin issuer Tether, Jesse Spiro, as its chair, according to a Federal Election Commission filing made public Wednesday.