President-elect Donald Trump has nominated Howard Lutnick, the Chairman and CEO of Cantor Fitzgerald and a prominent cryptocurrency advocate, to serve as the next United States Secretary of Commerce.<\/p>\n
The announcement was made on November 19 through a statement from Trump, followed by Lutnick\u2019s acknowledgment of the appointment on social media.<\/p>\n
\u201cI am thrilled to announce that Howard Lutnick will join my Administration as the United States Secretary of Commerce,\u201d Trump said in his statement.<\/p>\n
The communication elaborated on Lutnick\u2019s responsibilities, emphasizing that he would play an important role in advancing the president\u2019s economic and trade agenda. This includes leading the administration\u2019s tariff and trade policies and overseeing the Office of the United States Trade Representative.<\/p>\n
The President-elect also praised his leadership as co-chair of the Trump-Vance Transition Team, describing the system he developed as instrumental in assembling \u201cthe greatest administration America has ever seen.\u201d<\/p>\n
Lutnick expressed gratitude in a post<\/a> on X: \u201cThank you, President Trump, for your trust in me to help Make America Great Again. \u201d The businessman added that, as the new Secretary of Commerce, he would join the best administration in U.S. history and work to unleash the nation\u2019s full economic potential.<\/p>\n Trump\u2019s transition team has been in discussions<\/a> with crypto leaders and has shown interest in appointing crypto-friendly figures to key financial regulatory positions. Lutnick\u2019s nomination is seen as a step in this initiative and seems particularly significant for the cryptocurrency sector. The CEO has long advocated for Bitcoin and stablecoins.<\/p>\n In a previous Fox Business interview, the 63-year-old urged U.S. regulators to classify Bitcoin as a commodity, similar to gold or oil. He has also endorsed<\/a> Tether in previous interviews.<\/p>\n \u201cBitcoin is a commodity. It should be treated like gold and like oil. It\u2019s just a commodity.\u201d<\/p>\n Lutnick is also the Chairman and CEO of Cantor Fitzgerald, a financial services firm that acts as a primary dealer, trading directly with the Federal Reserve. The company has expanded its operations to include cryptocurrency services. It manages Tether\u2019s U.S. Treasury holdings that support its USDT stablecoin.<\/p>\n Recently, the firm also launched<\/a> a $2 billion Bitcoin financing initiative. In his closing statement at the 2024 Bitcoin conference, the CEO said the firm would welcome \u201cBitcoin into the financing family of the global financial market.\u201d<\/p>\n The post Donald Trump Nominates Pro-Bitcoin Cantor Fitzgerald CEO for Commerce Secretary<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" President-elect Donald Trump has nominated Howard Lutnick, the Chairman and CEO of Cantor Fitzgerald and a prominent cryptocurrency advocate, to serve as the next United States Secretary of Commerce. The announcement was made on November 19 through a statement from Trump, followed by Lutnick\u2019s acknowledgment of the appointment on social media. Details of The Appointment […]<\/p>\n","protected":false},"author":0,"featured_media":22247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-22246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22246"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22246"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/22247"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin and Tether Advocacy<\/h2>\n