The verification of USDT reserves is fine! Brandon, the son of the US Secretary of Commerce: Tether made me a believer in BTC.

The stablecoin USDT issuer Tether has been suspected for years of not having 100% cash or asset reserves. This time, U.S. Secretary of Commerce Howard Lutnick's son, Brandon Lutnick, stated at the Consensus 2025 summit held on 5/14, "I personally verified Tether's asset reserves, they really have the money!" He further claimed that Tether has turned him into a believer in Bitcoin.

27-year-old young boss takes office, assumes the chairmanship of Cantor Fitzgerald.

In February of this year, Brandon officially took over as Chairman of Cantor Fitzgerald. Cantor Fitzgerald is not only home to the investment bank of the same name, but also includes the brokerage BCG Group and the commercial real estate company Newmark Group, with influence that extends throughout Wall Street.

Notably, his father Howard Lutnick, the former CEO of Cantor, has been appointed by President Trump as the Secretary of Commerce, which has drawn attention to the company's relationship with the Trump administration.

Early cooperation personally verified Tether's asset reserves and stated that there were no issues.

Brandon also revealed at the Consensus 2025 summit held on 5/14 that when Cantor first started collaborating with Tether, there were many rumors circulating in the market claiming that Tether did not have sufficient reserves. However, Brandon stated:

"I personally checked many of their reserves at that time, and we also proved that many rumors were false."

This statement clearly responds to the past accusations made by New York Attorney General Letitia James. In 2019, Tether was accused of missing nearly 1 billion dollars on its books, which ultimately ended in a settlement. Since then, Tether has also emphasized that its assets are "100% backed."

Refuting Bloomberg's report: Not a Tether intern, but successfully brainwashed into believing in BTC.

The renowned news agency Bloomberg ( has previously reported that Brandon interned at Tether's Swiss branch, but Brandon took this opportunity to refute the rumor: "That's simply not true." However, he also admitted:

"I have indeed learned a lot from the Tether team; they have turned me into a Bitcoin believer."

The cryptocurrency market is becoming more closely intertwined with Wall Street, but it is also attracting more regulatory and political attention.

Branden's statement this time not only provides credibility endorsement for Tether but also highlights the increasingly deep connection between Wall Street capital and the crypto space. With Lutnik taking on the role of Secretary of Commerce, joining the Trump administration, and the deepening cooperation between Cantor and Tether, the related interests and regulatory issues are bound to become the focus of politics and media.

) The US stablecoin bill is taking shape, JPMorgan questions Tether's insufficient reserves, can the USDT market give it up? (

This article verifies that there are no issues with USDT reserves! U.S. Secretary of Commerce's son Brandon: Tether made me a believer in BTC, first appeared in Chain News ABMedia.