MICA Daily | Trump nominates 'USDT loyal fan' Howard Lutnick as US Secretary of Commerce

The appointment of Trump is a hot topic in the recent trading market, and the crypto world community is also looking forward to Trump appointing more Cryptocurrency-friendly candidates. Trump, the President of the United States, announced earlier today (20) that he has nominated Cantor Fitzgerald CEO Howard Lutnick as Secretary of Commerce. He has been a long-time supporter of Crypto Assets and has claimed to be a loyal fan of USDT. His company, Cantor Fitzgerald, has been managing the Stable Coin Tether's US debt reserve since 2021.

The Secretary of Commerce is responsible for promoting American business development and will also handle US tariff and trade policies and serve as a member of the President's Cabinet. Howard Lutnick is currently co-chair of the Trump transition team and was initially considered the leading candidate for Secretary of the Treasury.

Howard Lutnick has expressed confidence in the financial health of Tether many times, and he is also a supporter of Bitcoin. He has criticized the ignorance of US regulatory agencies towards cryptocurrency, emphasizing that BTC is a commodity, not a security.

This personnel appointment will promote the further development of Cryptocurrency in the United States, driving BTC to rise by 2% in a single day, with prices rising to a high of $94,000, and then falling back above $92,000. Assuming that the future Trump administration is more inclined to appoint people who are 'Cryptocurrency friendly' in personnel arrangements, it is expected to keep the crazy market going for a little longer.

Wall Street giant Cantor Fitzgerald CEO calls himself a "USDT fan" and is bullish on Bitcoin Halving

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The article 'MICA Daily | Trump nominates 'USDT loyal fan' Howard Lutnick as US Secretary of Commerce' was first published in 'Block Times'.