The US Senate has approved Howard Lutynik as the 41st Secretary of Commerce, a supporter-Crypto Financer in charge of American Trade and Economic Policy.
The Senate confirmed Lutnik with 51-45 votes held on Tuesday, 18 February, According To the new York TimesCantor Fitzgerald has been a strong proposer for former CEO, Bitcoin (BTC) and Tether (USDT).
Bitcoin “must be free to trade everywhere in the world,” Lutnik has previously said, compared to gold. He defended Titu’s USDT reserve at Bitcoin Conference 2024, saying he was completely supported by gold, bitcoin and American Treasury.
During the hearing of his Senate confirmation, he also pushed back against concerns about the role of Stabecrims in illegal money. Given that SEC Etharium is reviewing applications for staking in ETF, their appointment may affect the change in the position of Commerce Department on digital assets.
Beyond the cryptocurrency, the vocal trade of the looted Trump will be important for ambitions. He denied arguments that cause tariff inflation, call them “rubbish”, and defend the use of tariffs as a weapon to force business partners to reduce business obstacles to reduce business obstacles. .
Their position supports Trump’s call for high tariff charges to protect American businesses. Trump’s push for high tariffs is on fire from conservative economists who claim that tariffs increase prices for American consumers.
Lutnik left Cantor Fitzgerald to follow the rules of federal morality. Cantor has strengthened its connection with the Cryptocurrency sector by offering detention services to Tather. He will lead a department of over 50,000 workers in his role as Commerce Secretary, a position in which he will manage business policies, technical exports and economic rules.
Crypto’s enthusiastic and Trump’s major economic objectives can benefit from their confirmation. But their pro-tariff position can spoil tension with American business partners, which will probably be a new business talks.
