Not long after President Trump established a strategic bitcoin reserve and pledged to make the U.S. the “crypto capital of the world”, a new corporate bitcoin entity, backed by the investment firm his commerce secretary built,

Cantor Fitzgerald is launching a crypto venture with Tether and Japanese technology investor SoftBank Group to buy bitcoin, wagering that interest in the digital currency will expand under U.S. President Donald Trump.

Cantor Fitzgerald, SoftBank, Tether, and Bitfinex have joined hands to launch a public Bitcoin company with the "third-largest Bitcoin treasury in the world."