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Elon Musk Suggests Howard Lutnick for Treasury Secretary

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by Giorgi Kostiuk

a year ago

Elon Musk has publicly backed Howard Lutnick for the position of US Treasury Secretary, emphasizing his potential to bring change.

Musk's Support for Lutnick

Prominent entrepreneur Elon Musk supported Howard Lutnick, CEO of Cantor Fitzgerald, for the US Treasury Secretary position. Musk noted on his X (formerly Twitter) account that Lutnick represents a candidate for change, in contrast to the traditional choice in the form of Scott Bessent.

Candidates and Their Views

Howard Lutnick is known for his unconventional views, including being open to using cryptocurrencies like Bitcoin for tax payments. Meanwhile, Scott Bessent is viewed as a more traditional candidate, skeptical of cryptocurrencies.

Bitcoin is the currency of freedom, a hedge against inflation for middle-class Americans. There will be no stronger advocate for Bitcoin than Howard Lutnick.Robert F. Kennedy Jr.

Current Political Situation

Donald Trump is making appointments to key cabinet positions, but the Treasury Secretary role remains unfilled, attracting significant political interest. In the context of recent political events, some high-ranking Republicans met with Trump, and he attended a UFC fight at Madison Square Garden.

Appointing Howard Lutnick as Treasury Secretary could be a significant step towards changing US economic policy, especially with the growing interest in cryptocurrencies.

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