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Crypto Talks with Pakistan’s Minister and NYC Mayor: A Match Made in Bitcoin Heaven?

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Oh, look! Pakistan’s Minister of State for Crypto and Blockchain, Bilal Bin Saqib, is setting his sights on Wall Street. Because, you know, why not aim for the stars when it comes to crypto? A recent post on X (formerly Twitter) showed Saqib shaking hands with Brandon Lutnick, the big boss of Cantor Fitzgerald, the Wall Street giant that’s been around since 1945. And guess what? They were talking crypto. Shocking, right?

The Crypto Juggling Act: Pakistan, Wall Street, and a Dash of NYC

But wait, there’s more! Not content with just a Wall Street rendezvous, Saqib also met New York City’s Mayor Eric Adams. Adams, who’s recently become the self-proclaimed Bitcoin savior, made a bold claim: he’s going to launch a Bitcoin bond in the city. Because if there’s one thing that screams “futuristic” it’s a bond tied to a volatile digital currency. Oh, the excitement!

Let’s not forget that Cantor Fitzgerald, a massive financial player, is stepping up its crypto game. The firm has shown a growing interest in tokenization and Bitcoin mining. And Saqib? He’s all about turning Pakistan into a crypto powerhouse. In the latest episode of “Crypto Power Moves,” Lutnick and Saqib chatted about tokenization, mining, and Pakistan’s Web3 ambitions. Sounds like a business card exchange, doesn’t it?

In New York, Pakistan’s Minister of State for Crypto & Blockchain, @BilalBinSaqib, met with @Brandonlutnick, Chairman of 78-year-old Wall Street giant Cantor Fitzgerald ($80B+ AUM), to discuss tokenization, Bitcoin mining, Pakistan’s Web3 future and avenues of collaboration.

— Pakistan Crypto Council (@cryptocouncilpk) June 6, 2025

So, what’s cooking behind closed doors? Speculation, of course. Rumor has it that Lutnick might be cooking up a partnership with SoftBank, Tether, and Bitfinex. The plan? A $3 billion crypto acquisition company. Because who doesn’t want a slice of that sweet crypto pie?

Let’s not forget the juicy details: Lutnick’s firm owns a 5% stake in Tether, the world’s largest stablecoin issuer. And in case you missed it, there were whispers of a $2 billion Bitcoin-backed lending program. Just another Tuesday in the world of high-stakes crypto shenanigans.

Cantor Fitzgerald also has its fingers in other crypto pies, like Anchorage Digital and Copper. These alliances ensure that their Bitcoin stays safe and sound. And as if that wasn’t enough, they’re gearing up for a digital asset financing business aimed squarely at institutional investors. Because if you’re not targeting billion-dollar institutions, are you even really in crypto?

Bitcoin Reserves, DeFi, and the Future of Crypto (Probably)

Back to Saqib—he’s not just making crypto friends in New York. Oh no, he’s also been having secretive meetings at the White House with Robert “Bo” Hines, the Executive Director of Trump’s Council on Digital Assets. What’s the topic, you ask? Pakistan’s big plan for a Bitcoin reserve. The stakes are high, people!

In a bold statement, Saqib proclaimed that Pakistan wants to be the leader of the Global South when it comes to digital assets. And how will they do this? By launching a Strategic Bitcoin Reserve (SBR), of course! It’s all part of their plan to modernize the economy and regulate the industry. Who needs a solid financial infrastructure when you have Bitcoin, right?

In case you missed it, Pakistan’s crypto vision was unveiled at the Bitcoin 2025 Conference in Las Vegas. No, it’s not a prank. They actually have a plan for the future of decentralized finance (DeFi) and digital assets. Meanwhile, the UK is rolling its eyes, preferring to “explore blockchain” rather than commit to the Bitcoin reserve madness. Each to their own, right?

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2025-06-06 19:51

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