Top DOJ Official Shut Down Enforcement Against Crypto Companies While Holding More Than $150,000 in Crypto Investments

Reporting cited here

1. reported

   ProPublica reported that Commerce Secretary Howard Lutnick received a limited ethics waiver dated July 8, 2025, while transfers of Cantor-related interests to his children remained incomplete and Cantor remained Tether's primary banker; the report connected the timing to his official crypto-policy activity but did not establish that a specific decision increased the value of his former holdings.

   Passages beginning ‘Among them is Commerce Secretary Howard Lutnick’; Cantor transfer timing, July 8 waiver, crypto-policy actions, and Commerce response

   Lutnick received a limited waiver while Cantor transfers remained unfinished · July 8 waiver applied while divestiture remained incomplete