Republican

bullish

Donald Trump

Donald Trump Jr.

Republican presidential candidate Donald Trump has announced that Howard Lutnick, CEO of Cantor Fitzgerald, will co-chair his transition team if he wins the election.
Linda McMahon, a former U.S. Administrator of the Small Business Administration, will be joining Lutnick. Trump’s vice presidential nominee J.D. Vance and his sons Eric and Donald Trump Jr. will chair the event as honorary chairmen.
Cantor Fitzgerald has been a custodian for Tether, the largest stablecoin, since late 2021. Lutnick has publicly supported the stability of Tether, stating that the company has adequate funds despite ongoing speculation about Tether’s reserves.
This move is seen as significant for the crypto industry, with Alexander Grieve from Paradigm highlighting Lutnick’s influence and bullish stance on crypto.
Grieve <a href="https://x.com/AlexanderGrieve/status/1824435126119567731" target="_blank" rel="noopener noreferrer nofollow">stated</a>, “Trump Transition leadership announced. Inclusion of Howard Lutnick is huge for crypto. He personally briefed the House Republican Conference last year on stablecoins, and is a big crypto bull..”
The influx of millions of dollars into super political action committees and Trump’s promise to cease an “unlawful and un-American crackdown” on the U.S. crypto business have made cryptocurrency a major feature of the 2018 election season.
The former president has also gained traction with the sector by <a href="https://www.cryptotimes.io/2024/07/16/donald-trump-selects-pro-crypto-j-d-vance-as-vice-president/" target="_blank" rel="noopener noreferrer nofollow">appointing crypto-friendly Vance</a> as his running partner and pledging to support Bitcoin miners.
Candidate and Vice President Kamala Harris has started interacting with the cryptocurrency sector, stating that they are interested in finding out more information. Harris hasn’t stated his opinion on cryptocurrencies in the open yet.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/08/16/trumps-disclosure-shows-over-1m-in-cryptocurrency-holdings/" target="_blank" rel="noopener noreferrer nofollow">Trump’s Disclosure Shows Over $1M in Cryptocurrency Holdings</a>
</blockquote>

Trump Picks Howard Lutnick for Key Role in Transition Team

The Crypto Times

Other articles published on Aug 16, 2024

Analyst Predicts Altcoin Surge Following Bitcoin and Ethereum Milestones

Surviving the Crypto Downturn: Future Projections for Solana, RECQ, and XRP

Crypto Market Update: Dogecoin (DOGE) and Shiba Inu (SHIB) Extend Losses as RCO Finance Prepares ...

Andreessen Horowitz Expands to Japan

FED Senior Executive Goolsbee Makes Flash Statement Amid Interest Rate Cuts on the Agenda

MetaMask’s New Crypto Debit Card With Mastercard Rolls Out In EU and UK

Join our free newsletter for daily crypto updates!