**Bitcoin as a Commodity: Cantor Fitzgerald CEO Calls for Clearer Regulations**

On Sept. 27, Howard Lutnick, CEO of Cantor Fitzgerald, appeared on Fox Business advocating for Bitcoin to be classified as a commodity, much like gold and oil. During his "Mornings with Maria" interview, Lutnick emphasized the need for clearer regulations in the cryptocurrency space, stating, "Bitcoin is a commodity. It should be treated like gold and like oil."

Lutnick also expressed concerns about regulators' understanding of digital assets, suggesting they still struggle to grasp the significance of cryptocurrencies. He believes that over the next 20 years, commodities and equities will gradually merge.

In July, Lutnick announced a $2 billion Bitcoin lending program at the Bitcoin 2024 conference, aiming to integrate Bitcoin into the global financial market. Additionally, Lutnick will co-lead Donald Trump's transition team if Trump wins the upcoming US elections, a move seen as significant for the crypto industry.