Brandon Lutnick Pushes Cantor to Go All-In on Crypto SPACs

Brandon Lutnick arrives for the Bitcoin 2025 conference in Las Vegas.Photographer: Ronda Churchill/Bloomberg

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By Todd Gillespie and Olga Kharif

July 18, 2025 at 11:05 AM UTC

The crowd was lining up at the Venetian hotel for the latest attraction in Las Vegas: Wall Street’s new crypto royalty.

It was late May, and Brandon Lutnick — the son of billionaire US Commerce Secretary Howard Lutnick — had flown in with his banker colleagues to celebrate the rise of cryptocurrencies under President Donald Trump.