The post Elon Musk Explains Why Tether Advocate Howard Lutnick Is Best For US Treasury Role appeared on BitcoinEthereumNews.com.

Elon Musk has expressed his support for Howard Lutnick, CEO of Cantor Fitzgerald and Tether advocate, as the leading candidate for the U.S. Treasury Secretary position in Donald Trump’s administration. Musk emphasized that Lutnick is capable of enacting change, contrasting him with Scott Bessent, another contender for the role. Elon Musk Views Howard Lutnick as a Change-Driven Treasury Pick In a recent post on his social media platform X, Elon Musk endorsed Howard Lutnick for the role of U.S. Treasury Secretary. Elon Musk stated that Lutnick would bring the change needed to address the country’s financial challenges. He contrasted Lutnick with Scott Bessent, founder of Key Square Group, whom Musk described as a “business-as-usual choice.”  Musk underscored that the status quo is pushing the United States toward financial instability and called for public input on the decision. Musk’s endorsement has amplified the debate over the Treasury Secretary pick, with Lutnick’s approach seen as disruptive compared to Bessent’s steady, market-friendly stance. The decision has become a focal point in the president-elect’s transition efforts. In addition, the Tesla CEO urged the public and policymakers to weigh in on the Treasury Secretary decision. In his post, Elon Musk suggested that feedback would help Donald Trump make an informed choice. He emphasized that Lutnick’s ability to enact meaningful change aligns with the public’s demand for a revamped approach to economic governance. To encourage more engagement, Musk emphasized,  “Would be interesting to hear more people weigh in on this for Donald Trump to consider feedback.” Scott Bessent Vs Howard Lutnick Howard Lutnick has been participating in the formation of Trump’s policies as a member of the president-elect’s transition team for economic appointments. His support for tariffs and domestic economic strengthening has drawn both praise and criticism. On the other hand Scott Bessent has been shown…

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Filed under: News - @ November 16, 2024 9:18 pm