TRADFI COMPANIES 'WANT TO TRANSACT IN BITCOIN,' SAYS CANTOR FITZGERALD CEO

Summary from the TLDR Crypto newsletter

Howard Lutnick, CEO of Cantor Fitzgerald and chair of Donald Trump's presidential transition team, believes proper regulation would cause companies to go “head first into Bitcoin.” Currently, regulations require banks to set aside an equal amount of money for every dollar in Bitcoin. Cantor Fitzgerlad plans to open a Bitcoin financing business to provide lending and leverage to BTC holders.