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Trump picks cryptocurrency advocate as commerce secretary
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Donald Trump, president-elect of the United States, announced Howard Lutnick, CEO of Cantor Fitzgerald and cryptocurrency advocate, as his nominee for secretary of commerce.
Lutnick, who is part of Trump’s inner circle and co-chairs the transition team, is known for his strong stance in favor of technological innovation and free global trade in digital currencies.
The choice reinforces Trump’s strategy of appointing business leaders to key government positions. Lutnick, with consolidated experience in the financial sector, has also participated in The Apprentice, a TV show run by Trump.
His relationships with high-ranking corporate leaders make him a strategic fit to lead the Department of Commerce. The body manages trade, economic data, technological financing and even climate monitoring.
Trump chooses cryptocurrency supporter for trade
Lutnick demonstrates full alignment with Trump’s economic vision, including support for import tariffs, such as the 60% tax on Chinese products.
He considers these tariffs an essential tool for protecting American jobs and strengthening trade negotiations. Despite criticism from economists who warn of potential negative impacts on the economy, the appointment reflects Trump’s commitment to his protectionist policy.
Furthermore, Lutnick stands out as a cryptocurrency enthusiast, equating digital assets, such as Bitcoin, with gold. Furthermore, he advocates expanding the use of related technologies and sees global cryptocurrency trading as an opportunity to transform the financial market.
This stance reinforces the new administration’s openness towards the adoption of digital currencies and innovation in the sector.
Lutnick’s personal trajectory also inspires confidence. That’s because he lost his brother and 658 employees in the September 11 attacks. After that, he led the reconstruction of Cantor Fitzgerald, consolidating the company as a reference in the financial market.
Trump praised his ability to overcome adversity, describing him as “the personification of resilience.”
Trump picks cryptocurrency advocate as commerce secretary
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Trump picks cryptocurrency advocate as commerce secretary
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Trump picks cryptocurrency advocate as commerce secretary
