The topic of Trump's appointments is a hot topic in the recent trading market, and the cryptocurrency community also hopes Trump will introduce more cryptocurrency-friendly candidates. US President Trump announced earlier today (20th) the nomination of Cantor Fitzgerald CEO Howard Lutnick as Secretary of Commerce. He has long been a supporter of cryptocurrency and has referred to himself as a 'loyal fan of USDT'. His company Cantor Fitzgerald has been managing Tether's US Treasury reserves since 2021.
The Secretary of Commerce's duties are to promote the development of US business, manage US tariffs and trade policies, and serve as a member of the President's Cabinet. Howard Lutnick is currently also a co-chair of Trump's transition team and was initially considered a leading candidate for Secretary of the Treasury.
Howard Lutnick has repeatedly expressed confidence in Tether's financial health, and is himself a supporter of Bitcoin, having criticized US regulators for their ignorance of cryptocurrency, emphasizing that Bitcoin is a commodity, not a security.
This personnel appointment will promote further development of cryptocurrency in the United States, driving Bitcoin's daily increase to 2%, with prices rising to a peak of $94,000, then falling back above $92,000. If the future Trump administration leans towards 'cryptocurrency-friendly' candidates in personnel arrangements, it is expected to keep the crazy market going a bit longer.
Wall Street giant Cantor Fitzgerald CEO claims to be a 'USDT loyal fan', optimistic about Bitcoin halving
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"MICA Daily｜Trump nominates 'USDT loyal fan' Howard Lutnick as US Secretary of Commerce" This article was first published on (Block).
