Crypto-Friendly Howard Lutnick Poised To Lead US Department Of Commerce Under Trump

Quick Summary:

According to recent reports, Howard Lutnick, the CEO of asset management firm Cantor Fitzgerald and a prominent supporter of crypto initiatives, is anticipated to be nominated by President-elect Donald Trump to head the US Department of Commerce (DOC).

The Commerce Department is poised to play a crucial role in implementing Trump’s proposed tariffs on imported goods, which could have wide-ranging effects on the US economy.

In addition to his work at Cantor Fitzgerald, Lutnick’s connection with the crypto space extends to Tether, the world’s largest stablecoin issuer.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: Hungary

Topics: Donald Trump news DeFi Btcusd Crypto Btc Howard Lutnick Donald Trump Bitcoin price Crypto News Cryptocurrencies BTCUSDT Crypto regulation Digital currency Crypto news Cryptocurrency Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 13:00:38 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 497 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23720508

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 9 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #105

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