• 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

Stellar XLM Struggles Below 026 Resistance as Sellers Dominate

chest

XLM price remains under pressure as it fails to break the crucial 026 resistance level, continuing to print lower highs.

user avatarDavid Robinson

Retail Investors in Singapore Embrace Compliance Over Speculation

chest

Retail sentiment in Singapore is increasingly focused on regulatory compliance and trust, moving away from speculative trading.

user avatarJacob Williams

Singapore's Crypto Market Shifts Towards Quality Investments

chest

Singapore's crypto market is shifting towards quality asset investments, moving away from speculative hype, influenced by regulatory changes and emphasizing consumer protection.

user avatarAndrew Smith

SUBBD Introduces Tokenization for Content Creators

chest

SUBBD aims to revolutionize content creation by applying tokenization principles to creator-fan relationships and AI-driven digital identities.

user avatarZainab Kamara

Metaplanet to Raise $135 Million Through Class B Preferred Shares

chest

Metaplanet plans to raise $135 million by issuing Class B Preferred Shares to reinforce its Bitcoin treasury strategy.

user avatarAyman Ben Youssef

Social Media Emerges as Key Source of Crypto Education in Singapore

chest

The recent survey by MoneyHero and Coinbase shows that 62% of Singaporean investors use social media as their main source of cryptocurrency education, highlighting both opportunities and risks of misinformation.

user avatarSon Min-ho

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.