• 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

iShares Core S&P 500 ETF (IVV) Competes with Vanguard for Low Costs

chest

The iShares Core S&P 500 ETF (IVV) is a competitive alternative to the Vanguard S&P 500 ETF (VOO) with a low expense ratio of 0.03%, making it an attractive option for investors seeking low-cost access to the S&P 500 Index.

user avatarBayarjavkhlan Ganbaatar

SPDR S&P 500 ETF Trust (SPY) Stands Out for Liquidity

chest

The SPDR S&P 500 ETF Trust (SPY) is recognized for its high liquidity and trading volume, making it essential for high-frequency trading.

user avatarTenzin Dorje

CSPX: A Tax-Efficient Choice for Non-US Investors

chest

CSPX is highlighted for its tax advantages for non-US investors, making it a strategic choice.

user avatarAisha Farooq

Vanguard S&P 500 ETF (VOO) Emerges as Top Low-Cost Investment

chest

The Vanguard S&P 500 ETF (VOO) is recognized for its low expense ratio of 0.03%, making it a preferred option for long-term investors.

user avatarMohamed Farouk

Top S&P 500 ETFs Analyzed for Optimal Long-Term Investment

chest

A comprehensive report evaluates the leading ETFs that track the S&P 500 Index, focusing on their expense ratios and structural efficiencies.

user avatarElias Mukuru

Bolivia Embraces Bitcoin and Stablecoins to Revitalize Economy

chest

Bolivia announces its plan to integrate Bitcoin and stablecoins into the financial system to combat economic challenges.

user avatarDiego Alvarez

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.