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Howard Lutnick
In Office
Finance Executive
Republican
MAGA
Wall Street
Business Leader
Howard Lutnick is Chairman and CEO of Cantor Fitzgerald, a global financial services firm, a role he has held since 1996. Joining in 1983 after graduating from Haverford College, he became President in 1991. Following the 9/11 attacks that killed 658 employees—including his brother—Lutnick rebuilt the company and founded the Cantor Fitzgerald Relief Fund, donating billions to 9/11 families and other causes. A cryptocurrency proponent, he serves on Tether's board and leads BGC Partners. In 2024, he co-chaired Donald Trump's presidential transition and was nominated for U.S. Secretary of Commerce.
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Says vs Does
What they claim vs what their actions show
🗣️ SAYS THEY ARE
Conservative Republican
⚡ ACTUALLY ALIGNS
Financial Industry and Cryptocurrency Interests
🎯 Primary Loyalties (Ranked)
- Donald Trump
- Cantor Fitzgerald and Wall Street
- Cryptocurrency Sector
- Republican Party
📋 Actions That Prove It
- ✓Pledged to spend more than $100 million on get-out-the-vote efforts for Donald Trump's 2024 presidential campaign following the July 13, 2024, assassination attempt in Butler, Pennsylvania.
- ✓Served as co-chair of Donald Trump's 2024 presidential transition team, helping vet cabinet nominees.
- ✓Publicly endorsed Trump's proposed tariffs of up to 60% on Chinese imports during a October 2024 CNBC interview, arguing they would protect American industry.
- ✓Expanded Cantor Fitzgerald's role in cryptocurrency by providing backing services to Tether, the issuer of the world's largest stablecoin, USDT, with reserves exceeding $100 billion as of 2024.
⚠️ Contradictions
- •Donated $2,800 to Sen. Chuck Schumer's 2020 reelection campaign and contributed to the Democratic Senatorial Campaign Committee, despite current alignment with Trump and Republicans.
- •Supported protectionist trade policies like high tariffs on China, which many Wall Street executives and financial firms, including aspects of his own industry, have criticized as inflationary and disruptive to markets.
- •Emphasized 'America First' populist rhetoric focused on American workers, while leading a bond-trading firm primarily serving institutional investors and high-net-worth clients.
Career Background
- •Chairman and CEO, Cantor Fitzgerald, L.P. (1991–present)
- •President, Cantor Fitzgerald, L.P. (1987–1991)
- •Chairman and CEO, BGC Partners, Inc. (2008–present)
- •Co-Chair, Trump-Vance Presidential Transition Team (2024)
- •Nominee, U.S. Secretary of Commerce (announced November 2024)
Endorsements
- •Endorsed Donald Trump for President (June 2024)
- •Nominated by President-elect Donald Trump for Secretary of Commerce (November 2024)
- •Endorsed by Donald Trump for Commerce Secretary role
Affiliations & Memberships
Cantor Fitzgerald, L.P.
BGC Partners, Inc.
Newmark Group, Inc.
Cantor Fitzgerald Relief Fund (founder)
National September 11 Memorial & Museum (board member)
Trump-Vance Transition Team
Republican Party donor and supporter
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