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

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.

Brandon Lutnick, 27, was busy charting the next profitable steps for the firm that has become a family business, Cantor Fitzgerald. At the top of his list was bringing together two volatile assets that captured investors’ imaginations: crypto and SPACs, the blank-check ...