Trump taps billionaire crypto booster Cantor Fitzgerald CEO Howard Lutnick as Commerce Secretary
President-elect Donald Trump has turned to Howard Lutnick, who is co-chair of his transition team, to serve as the next Secretary of Commerce.
Lutnick has emerged as a key advisor to Trump, who won the U.S. presidential election earlier this month. He has led the transition team along with Linda McMahon, the cofounder and former CEO of WWE, who was once considered a shoo-in for the Commerce post.
Lutnick is a cryptocurrency enthusiast while his firm, Cantor Fitzgerald, manages some of the stablecoin Tether’s reserve funds. Trump confirmed Tuesday he had picked Lutnick on his social media platform Truth Social. Lutnick will lead “our Tariff and Trade agenda, with additional direct responsibility for the Office of the United…
