• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Whom Does Elon Musk Support for Treasury Secretary?

user avatar

by Giorgi Kostiuk

a year ago

Elon Musk, known for supporting Trump in elections, actively expresses his position regarding cryptocurrency policy. He openly supports Howard Lutnick for the Treasury Secretary role, providing hope among crypto investors.

Elon Musk and Cryptocurrency

Recently, the famous billionaire announced his support for Howard Lutnick, the CEO of financial services firm Cantor Fitzgerald, against hedge fund manager Scott Bessent. The appointments to Donald Trump's administration still await completion.

Bessent is always a choice, while @howardlutnick will truly bring change. Business as usual is driving America into bankruptcy, so we need change.

Potential Fluctuations in Cryptocurrency

Appointing a different candidate for the Treasury Secretary could imply that the new president may not fulfill promises regarding cryptocurrencies. This could lead to a market downturn, with additional focus on the new SEC Chair nominee.

Future Legislation

With Republicans gaining majority in both the Senate and the House of Representatives, they hold considerable sway over legislative regulations. Thanks to strong support from crypto political committees, the upcoming policies might be more favorable for crypto investors.

Elon Musk's support for crypto-friendly candidates can positively impact the market. Future statements from Trump's camp will be highly significant for investors.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Concerns Over Bitcoin Centralization and Market Stability

chest

Concerns are growing about Bitcoin's centralization and market stability as 25% is held by institutions and 40% by whales, leading to fears of a potential market crash.

user avatarEmily Carter

Binance Coin Price Shows Signs of Recovery

chest

Binance Coin has shifted from 835 to the 850-880 range, indicating renewed interest and potential for further gains.

user avatarMaya Lundqvist

Hyperliquid Unlocks 175M HYPE Tokens as Price Drops

chest

Hyperliquid unlocked 175 million HYPE tokens valued at over 60 million for its development team, causing the token's price to drop by more than 6% within 24 hours.

user avatarKaterina Papadopoulou

Henrik Zeberg Issues Final Warning to Bitcoin Investors

chest

World-renowned macroeconomist Henrik Zeberg warns Bitcoin investors of an impending economic crisis, predicting a two-stage shock wave with a massive peak followed by a historic collapse.

user avatarTomas Novak

OZAK AI Token Gains Traction Ahead of Major Exchange Listing

chest

The OZAK AI token is gaining attention as it approaches a potential listing on major exchanges like Binance, with presale price increasing from 0.0001 to 0.0014 and potential returns of up to 6,900%.

user avatarAisha Farooq

Binance Coin Loses Ground as Market Capitalization Drops

chest

Binance Coin's market capitalization has fallen significantly, losing its position as a top cryptocurrency.

user avatarLi Weicheng

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.