The announcement of Donald Trump's transition team, featuring Howard Lutnick, a well-known cryptocurrency advocate, as co-chair, has sparked excitement in the crypto world.
Could this signal a brighter future for Bitcoin and other digital currencies under a Trump administration? Stay informed as the story unfolds.
Co-Chair: Cantor Fitzgerald CEO Joins the Team
On August 16, 2024, the campaign team of Donald Trump, the Republican candidate for the U.S. presidential election, announced the members of the transition team in preparation for a potential victory in the 2024 presidential election.
One of the key highlights is the appointment of Howard Lutnick, CEO of the global financial services firm Cantor Fitzgerald, known for his positive stance on cryptocurrency, as co-chair of the transition team.
This news has generated significant interest in the cryptocurrency industry.
Joining Lutnick as co-chair is Linda McMahon, who served as Administrator of the Small Business Administration during the previous Trump administration.
Additionally, the honorary chairs will include Vice Presidential candidate Senator J.D. Vance, as well as Trump's sons, Donald Trump Jr. and Eric Trump.
Howard Lutnick: A "Cryptocurrency Bull"
Howard Lutnick has garnered attention for his bullish stance on cryptocurrency, particularly during a Bitcoin conference held last month.
During the event, he revealed that Cantor Fitzgerald holds a substantial amount of Bitcoin and that the company is launching a Bitcoin lending business.
Furthermore, Cantor Fitzgerald has been reported to serve as a custodian for Tether (USDT) since late 2021.
Lutnick is often referred to as a "cryptocurrency bull," and during last month's event, he stated, "Bitcoin should be traded freely like gold, without exception and without restriction, across the globe."
Donald Trump has also expressed ambitions to make the United States a Bitcoin superpower, launching his own NFT collection and selling Bitcoin-themed sneakers, among other initiatives.
Consequently, there is significant interest in the policies that might be implemented should Trump assume the presidency.
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