Son of US Commerce Secretary Nears $4 Billion SPAC Deal With Bitcoin Pioneer

According to a report by the Financial Times of the United Kingdom, citing sources familiar with the matter, Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is close to reaching an agreement to use a company with a Cantor Fitzgerald background to purchase billions of dollars worth of Bitcoin. Cantor Equity Partners 1 is in the final stages of negotiations with Adam Back, founder of cryptocurrency trading group Blockstream Capital, to purchase over $3 billion worth of Bitcoin. The agreement could be reached as early as this week. [Foresight News]