Trump appoints Howard Lutnick to lead Department of Commerce, cryptocurrency and populist agenda may become key

U.S. President-elect Trump is about to appoint Cantor Fitzgerald LP CEO Howard Lutnick to lead the Commerce Department, a choice that means the Trump administration may push for more aggressive economic policies.

Lutnick’s background and stance

Lutnick, 63, is one of Trump's most prominent supporters on Wall Street. He has long supported the populist agenda and is an outspoken critic of:

• Manufacturing outsourcing: Criticism of moving manufacturing jobs overseas.

• Electric vehicle industry: Blaming the intolerant perspective of “coastal elites.”

• High inflation: Described as “the most despicable act against the people”.

As co-chairman of the Trump transition team, Lutnick is paving the way for the future conservative agenda and will lead the Commerce Department to promote domestic jobs and economic growth.

Potential Impact of Cryptocurrencies

Notably, Lutnick is also a supporter of cryptocurrencies. The company he leads, Cantor Fitzgerald, has long been the reserve custodian of the stablecoin Tether, a background that could set the tone for future crypto policy. The Trump administration is expected to take a more aggressive stance toward the blockchain and crypto industry, especially in the context of competition with Chinese tech

$PUPPIES: A new populist force on the blockchain?

In the world of Lutnick-backed crypto, $PUPPIES is an emerging bright spot:

• Decentralized public welfare power: Every transaction will donate to the rescue of stray animals, realizing the perfect combination of blockchain and public welfare.

• Community enthusiasm is high: The number of coin-holding addresses exceeded 12,000 in just a few weeks, becoming a new benchmark for the Meme coin ecosystem.

As a cryptocurrency with a populist spirit, $PUPPIES coincides with the concept of "benefiting the people" emphasized in Trump's agenda. With the Department of Commerce likely to push for more policies related to the crypto industry, this entertaining and socially responsible token may be set for explosive growth

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