Howard Lutnick, the CEO of American financial services firm Cantor Fitzgerald will co-Chair the Donald Trump transition team. Should the former President win a re-election in November, he will co-lead the transition with Linda McMahon, one of the officials who served in his first tenure.

Donald Trump and Howard Lutnick: The Crypto Undertone

Since this election campaign started, the Presidential candidates have made strategic decisions. Onboarding the Cantor Fitzgerald CEO, known for his pro-Bitcoin stance remains a major crypto move.

The financial services firm has been a major custodian for USDT stablecoin issuer Tether since 2021. Of the major Wall Street financial service firms, Lutnick is one of the strongest advocates for Tether. Beyond this, the firm is pursuing a major Bitcoin agenda.

As part of the speakers at the last Bitcoin Conference 2024, the Cantor CEO announced the launch of a $2 billion Bitcoin financing fund for the coin’s holders. The CEO also highlighted that Cantor Fitzgerald holds a large amount of Bitcoin.

That Donald Trump named him as a key member of his transition team speaks volume. Crypto proponents have continued to push for advocates in governments that can help shape the future of the industry. The transition team as announced by the former President will also feature his two senior sons, both of whom also have a bullish stance on crypto.

As reported earlier, the official Telegram Channel for the family’s big DeFi project is live, with current member count now exceeding 20380.

This story is developing, please check for updates!!!

The post Donald Trump Names Pro-Bitcoin Howard Lutnick To Lead Transition Team appeared first on CoinGape.

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Filed under: News - @ August 16, 2024 3:24 pm