• 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

RWA Nexus Focuses on Real-World Asset Tokenization

chest

RWA Nexus is targeting the tokenization of real-world assets to bridge traditional finance and blockchain.

user avatarGustavo Mendoza

MOVE Experiences 15% Rally Following Hyperliquid Listing

chest

MOVE has seen a sharp 15% price increase after its listing on Hyperliquid, despite broader market pullbacks.

user avatarMiguel Rodriguez

World Liberty Financial Announces World Liberty Forum

chest

World Liberty Financial WLFI announces the World Liberty Forum to discuss the future of finance, technology, and regulation.

user avatarRajesh Kumar

Poland's Central Bank Plans Major Gold Purchase

chest

Poland's central bank plans to purchase 150 tons of gold, causing a surge in gold prices.

user avatarLuis Flores

CNBC Vice President Almost Falls Victim to Coinbase Phishing Scam

chest

Jason Gewirtz, CNBC's news VP, nearly fell for a Coinbase phishing scam when a caller impersonating a security representative claimed there was suspicious activity on his account.

user avatarArif Mukhtar

Avalanche Launches Build Games Competition with $1 Million Prize Pool

chest

Avalanche AVAX has launched a six-week global online competition called Build Games, offering $1 million in prizes to developers building new products and experiments on its blockchain network.

user avatarMaria Gutierrez

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.