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Howard Lutnick, a longtime advocate of Bitcoin and former CEO of Cantor Fitzgerald, has been confirmed as the new US Secretary of Commerce. The Senate approved his nomination in a 51-45 vote, securing his position in President Donald Trump’s administration. Howard Lutnick Confirmed as US Commerce Secretary According to the confirmation vote, Lutnick will now lead the Department of Commerce, overseeing economic statistics, census operations, and weather reporting. His role includes managing a workforce of approximately 50,000 employees while implementing the administration’s trade policies. Lutnick is expected to work alongside Jamieson Greer, Trump’s nominee for trade negotiator, to enforce tariff policies aimed at reshaping US trade relationships. He has voiced support for imposing tariffs on a country-by-country basis, arguing that they will encourage foreign governments to lower trade barriers for American goods. Prominent Bitcoin supporters, including MicroStrategy Executive Chairman Michael Saylor and Senator Cynthia Lummis, congratulated Lutnick on his confirmation. “Congratulations @HowardLutnick on your confirmation as Secretary of Commerce,” Saylor wrote on X, noting Lutnick’s strong financial exposure to Bitcoin. Concurrently, U.S. Senator from Wyoming Cynthia Lummis, also a vocal supporter of cryptocurrency, expressed confidence in his leadership, stating, “I know he will do a fantastic job reinvigorating our economy.” This Is A Developing News, Please Check Back For More ✓ Share: Kelvin Munene Murithi Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial…

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Filed under: News - @ February 19, 2025 3:20 am