• 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

Cloudflare Shares Surge Amid AI Agent Buzz

chest

Cloudflare's stock rose significantly following social media excitement about its AI agent, Clawdbot, increasing by approximately 13% in premarket trading.

user avatarBayarjavkhlan Ganbaatar

Google's Gemini 3 Enhances AI Overviews for Better Search Quality

chest

Google's latest AI model, Gemini 3, enhances the quality and accuracy of search responses as the default engine for AI Overviews globally.

user avatarMiguel Rodriguez

Fusaka Upgrade Enhances Ethereum's Onchain Capacity

chest

The Fusaka upgrade has significantly improved Ethereum's data capacity and transaction processing capabilities.

user avatarElias Mukuru

Ether Price Faces 15.9% Correction, Liquidations Triggered

chest

Ether experienced a 15.9% price correction, leading to significant liquidations of bullish leveraged positions.

user avatarDiego Alvarez

Ethereum Records 164 Million Weekly Transactions Amid Scaling Improvements

chest

Ethereum's network activity remains strong with 164 million onchain transactions logged, while layer 2 networks see significant growth.

user avatarMohamed Farouk

GTreasury Unveils Ripple Treasury: A Game-Changer in Corporate Treasury Management

chest

GTreasury has launched Ripple Treasury, a groundbreaking platform designed to enhance corporate treasury management by addressing operational complexity and supporting product innovation.

user avatarKenji Takahashi

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.