Trump expected to tap billionaire crypto booster Cantor Fitzgerald CEO Howard Lutnick as Commerce Secretary

Quick Summary:

Lutnick is a cryptocurrency enthusiast while his firm, Cantor Fitzgerald, manages some of the stablecoin Tether’s reserve funds.

News of Lutnick’s nomination to the Commerce position was first reported by Punchbowl News and then confirmed by the Wall Street Journal.

Lutnick will succeed Gina Raimondo, who is the current Commerce secretary.

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Article Details

Author / Journalist: Luisa Beltran

Category: EconomyBusiness

Markets: United States

Topics: Private equity Wall Street Cabinet Cryptocurrency Apollo Global Management Donald Trump U.S. Presidential Election Commerce Department

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 18:03:51 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 415 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © Fortune

News ID: 23703016

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 57 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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