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Will U.S. manufacturing initiatives increase under Lutnick by Dec 31, 2025?
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Donald Trump•Howard Lutnick•Cantor Fitzgerald•Trump•CNN•The Wall Street Journal•Punchbowl News•Lutnick•Bitcoin•Tether•America
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Official reports from the Department of Commerce or reputable news outlets
Story
Trump to Nominate Pro-Crypto Cantor Fitzgerald CEO Howard Lutnick as Commerce Secretary
Nov 19, 2024, 04:06 PM
Donald Trump is expected to nominate Howard Lutnick, CEO of Cantor Fitzgerald and co-chair of Trump's transition team, as Secretary of Commerce, according to reports from multiple sources including CNN, The Wall Street Journal, and Punchbowl News. Lutnick, a known supporter of Bitcoin and proponent of cryptocurrency, was previously considered for Treasury Secretary. His company, which manages Tether's U.S. Treasury reserves, has partnerships with major crypto firms. He is recognized for his leadership after Cantor Fitzgerald lost 658 employees in the 9/11 attacks. Lutnick has advocated for U.S. manufacturing and policies encouraging companies to build in America. His nomination signals a potential pro-crypto stance in the upcoming administration.
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