The future commerce secretary is a billionaire whose Wall Street firm has ties to Tether.
United States President-elect Donald Trump has chosen Cantor Fitzgerald CEO Howard Lutnick to be his Secretary of Commerce, according to press reports on Nov. 19. Lutnick has a long record as a cryptocurrency proponent.
The Secretary of Commerce is charged with advancing US business both domestically and abroad. The secretary is a member of the Cabinet of the United States — the president’s closest advisers. Lutnick is currently the co-lead of the Trump transition team and was seen as the most likely candidate for the Cabinet position.
Lutnick has attracted attention in the crypto world for his ties to the stablecoin issuer Tether (USDT) and statements he has made about Bitcoin (BTC).
