…Trump’s transition co-chair and possible Treasury Secretary would be called a drug cartel financier (boldface mine):

Officials at the Treasury Department have spent months weighing sanctions against the cryptocurrency Tether for allegedly facilitating illicit financial activities, according to two people with knowledge of the matter — which could pose a conflict of interest for the co-chair of President-elect Donald Trump’s transition, billionaire Cantor Fitzgerald CEO Howard Lutnick.

Lutnick, who is also a candidate to be treasury secretary, has touted Tether in media interviews and has said he manages assets for the cryptocurrency.

The people, who spoke on the condition of anonymity because the deliberations are not public, said Treasury is looking at sanctioning Tether, which has been accused by federal authorities of facilitating transactions for Mexican drug cartels. Treasury has also publicly pointed to private-sector analyses allegedly showing terrorist groups have used Tether to move and store funds. They stressed that the Treasury probe predates Lutnick’s involvement in Trump’s campaign and that the discussions of sanctions against Tether are unrelated to his political activities.

The second Trump term is going to be such a nightmare on so many levels.