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 accepted his nomination in a 51-45 vote, securing his place in President Donald Trump’s administration.
Howard Lutnick Confirmed as US Commerce Secretary
According to the affirmation vote, Lutnick will now lead the Department of Commerce, overseeing financial statistics, census operations, and climate reporting. His position contains managing a workforce of roughly 50,000 staff whereas implementing the administration’s commerce insurance policies.
Lutnick is predicted 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 help for imposing tariffs on a country-by-country foundation, arguing that they are going to encourage international governments to decrease commerce limitations for American items.
Prominent Bitcoin supporters, together with MicroStrategy Executive Chairman Michael Saylor and Senator Cynthia Lummis, congratulated Lutnick on his affirmation. “Congratulations @HowardLutnick on your confirmation 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 know he will do a fantastic job reinvigorating our economy.”
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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. Known 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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