MICA Daily | Trump nominates 'USDT loyal fan' Howard Lutnick as US Secretary of Commerce

robot
Abstract generation in progress

The appointment of Trump is a hot topic in the recent trading market, and the crypto world community is also looking forward to Trump appointing more Cryptocurrency-friendly candidates. Trump, the President of the United States, announced earlier today (20) that he has nominated Cantor Fitzgerald CEO Howard Lutnick as Secretary of Commerce. He has been a long-time supporter of Crypto Assets and has claimed to be a loyal fan of USDT. His company, Cantor Fitzgerald, has been managing the Stable Coin Tether's US debt reserve since 2021.

The Secretary of Commerce is responsible for promoting American business development and will also handle US tariff and trade policies and serve as a member of the President's Cabinet. Howard Lutnick is currently co-chair of the Trump transition team and was initially considered the leading candidate for Secretary of the Treasury.

Howard Lutnick has expressed confidence in the financial health of Tether many times, and he is also a supporter of Bitcoin. He has criticized the ignorance of US regulatory agencies towards cryptocurrency, emphasizing that BTC is a commodity, not a security.

This personnel appointment will promote the further development of Cryptocurrency in the United States, driving BTC to rise by 2% in a single day, with prices rising to a high of $94,000, and then falling back above $92,000. Assuming that the future Trump administration is more inclined to appoint people who are 'Cryptocurrency friendly' in personnel arrangements, it is expected to keep the crazy market going for a little longer.

Wall Street giant Cantor Fitzgerald CEO calls himself a "USDT fan" and is bullish on Bitcoin Halving

Disclaimer: The article only represents the author's personal opinions and does not represent the objective views and positions of Block. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades. The author and Block will not be responsible for any direct or indirect losses incurred by investors in their transactions.

The article 'MICA Daily | Trump nominates 'USDT loyal fan' Howard Lutnick as US Secretary of Commerce' was first published in 'Block Times'.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)