Donald Trump's Transition Team to be Led by Howard Lutnick: Implications for the Crypto Industry

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Appointment of Howard Lutnick and Linda McMahon
  2. Lutnick's Support for the Crypto Industry
  3. Crypto Community's Reaction


    4. 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.

    Appointment of Howard Lutnick and Linda McMahon

    Donald Trump stated that Howard Lutnick, CEO of Cantor Fitzgerald, will co-chair his transition team. Linda McMahon, a former Administrator of the U.S. Small Business Administration, will also join the team. The event will be chaired by honorary chairmen—Trump’s vice presidential nominee J.D. Vance and his sons Eric and Donald Trump Jr.

    Lutnick's Support for the Crypto Industry

    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 significant for the crypto industry, given Lutnick’s influence and bullish stance on crypto. Alexander Grieve from Paradigm highlighted, '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.'

    Crypto Community's Reaction

    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 appointing crypto-friendly J.D. Vance as his running partner and pledging to support Bitcoin miners. Meanwhile, Vice President candidate Kamala Harris has shown interest in the cryptocurrency sector, although her opinion on cryptocurrencies has yet to be publicly stated.

    The appointment of Howard Lutnick in Donald Trump's transition team could significantly impact the crypto industry. This move underscores the importance of cryptocurrencies and their growing role in the political arena.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

MEXC Reports Surge in TSLA Stock Futures Trading Volume

MEXC reports a significant increase in TSLA Stock Futures trading volume ahead of Tesla's earnings announcement.

user avatarZainab Kamara

MEXC's xStocks Gala Attracts Nearly 100,000 Registrations

MEXC held the xStocks Gala trading campaign in September, which saw significant user participation and trading volume.

user avatarAyman Ben Youssef

MEXC Reports Significant Growth in September Trading Data

MEXC has reported a significant increase in trading volumes for new tokens and tokenized US stocks in September 2026, with new tokens rising by 27% and tokenized US stocks by 81%.

user avatarSon Min-ho

Grvt Announces Upcoming Product Launches

Grvt is set to launch several new products aimed at enhancing trading and yield opportunities for users.

user avatarTando Nkube

Grvt Completes First GRVT Token Buyback

Grvt has successfully conducted its first buyback of GRVT tokens, purchasing and burning 11 million tokens on the open market.

user avatarKofi Adjeman

Nvidia Introduces OpenShell Reference Architecture for AI Agents

Nvidia has introduced the OpenShell Reference Architecture, a design for managing autonomous AI agents, at GTC Berlin.

user avatarNguyen Van Long

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.