After securing victory in the 2024 presidential election, Donald Trump shocked many by nominating Howard Lutnick, a staunch supporter of Bitcoin, as his pick for Secretary of Commerce. This unexpected appointment signals a shift towards embracing cryptocurrency within the new administration, promising positive developments for the digital asset industry. Trump's second term is already showing signs of prioritizing innovation and financial technology, with Lutnick's appointment being just the beginning of a wave of pro-crypto policies.
Lutnick is best known as the chairman and CEO of Cantor Fitzgerald. In an announcement from President-elect Trump, he noted that the nominee will be tasked with leading his “Tariff and Trade agenda” while also maintaining responsibility as the co-chair of the Trump Transition Team.
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