Reported 3 days ago
On November 19, 2024, President-elect Donald Trump announced Howard Lutnick, CEO of Cantor Fitzgerald and a prominent advocate for cryptocurrencies, as his choice for Secretary of Commerce. While Lutnick initially sought the Treasury Secretary role to better influence cryptocurrency regulation, Trump appointed him to oversee trade policies, including tariffs and international trade. Despite having less direct control over digital asset regulation, Lutnick's background in the crypto sector and his partnership with Tether position him to potentially impact the evolving relationship between traditional finance and cryptocurrencies in the U.S.
Source: YAHOO