Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is leading a $3 billion bitcoin investment project in partnership with SoftBank, Tether, and Bitfinex. The venture aims to create a publicly listed investment vehicle that would rival MicroStrategy, a company known for its significant bitcoin holdings. The project is reportedly being developed at the brokerage firm where Howard Lutnick served as long-time CEO. This initiative aligns with the pro-crypto policies of the Trump administration. Separately, the U.S. Securities and Exchange Commission has charged an executive over a $198 million cryptocurrency fraud scheme, highlighting ongoing regulatory scrutiny in the crypto sector.