Commerce Secretary Howard Lutnick’s son launching a crypto investment vehicle.

Citation Needed Issue 82 – E-moluments – As Celsius victims detail their devastation even under the weak crypto regulations of the past, the Trump administration continues to dismantle those same rules while he pumps his personal memecoin with promises of private access – Molly White 24 Apr 2025 Brandon Lutnick, Commerce Secretary Howard Lutnick’s son who replaced him as chair of Cantor Fitzgerald when he “divested” his interest, is launching a bitcoin investment vehicle called Twenty One Capital.23 The company is backed by the notorious Tether stablecoin issuer and its sister company Bitfinex, with a minority stake held by SoftBank. The venture is launching with 42,000 BTC, putting its value at launch at around $3.6 billion, and it seeks to be a MicroStrategy-esque “public stock, built by Bitcoiners, for Bitcoiners”.24 Howard Lutnick already faced scrutiny during his Senate confirmation about his firm’s close links to Tether, and this move only deepens his and his family’s ties to the business.