Howard Lutnick, a longtime advocate of Bitcoin and former CEO of Cantor Fitzgerald, has been confirmed as the brand new US Secretary of Commerce. The Senate authorized his nomination in a 51-45 vote, securing his place in President Donald Trump’s administration.
Howard Lutnick Confirmed as US Commerce Secretary
In response to the affirmation vote, Lutnick will now lead the Division of Commerce, overseeing financial statistics, census operations, and climate reporting. His position consists of managing a workforce of roughly 50,000 workers whereas implementing the administration’s commerce insurance policies.
Lutnick is anticipated to work alongside Jamieson Greer, Trump’s nominee for commerce negotiator, to implement tariff insurance policies geared toward reshaping US commerce relationships. He has voiced assist for imposing tariffs on a country-by-country foundation, arguing that they’ll encourage international governments to decrease commerce limitations for American items.
Distinguished Bitcoin supporters, together with MicroStrategy Govt Chairman Michael Saylor and Senator Cynthia Lummis, congratulated Lutnick on his affirmation. “Congratulations @HowardLutnick in your affirmation as Secretary of Commerce,” Saylor wrote on X, noting Lutnick’s sturdy monetary publicity to Bitcoin.
Concurrently, U.S. Senator from Wyoming Cynthia Lummis, additionally a vocal supporter of cryptocurrency, expressed confidence in his management, stating, “I do know he’ll do a improbable job reinvigorating our financial system.”
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Kelvin Munene Murithi
Kelvin is a distinguished author with experience in crypto and finance, holding a Bachelor’s diploma in Actuarial Science. Identified for his incisive evaluation and insightful content material, he possesses a robust command of English and excels in conducting thorough analysis and delivering well timed cryptocurrency market updates.
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