U.S. President-elect Donald Trump wants Cantor Fitzgerald CEO Howard Lutnick — a vocal cryptocurrency enthusiast who has been stablecoin giant Tether's (USDT) Wall Street banker for years — to serve as his Commerce Secretary, not Treasury Secretary.

Having rebuilt his firm after losing hundreds of employees on 9/11, Howard Lutnick should be one of the most respected CEOs in America. Why do so many people despise him?

If confirmed, Lutnick's responsibilities would include overseeing trade restrictions and the releasing of economic data.