• 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

Robinhood Launches Dogecoin Giveaway During Hood Holidays Sweepstakes

chest

Robinhood Markets Inc has announced a Dogecoin giveaway starting at 500,000 as part of its Hood Holidays sweepstakes, inviting participants for a share of the crypto prize.

user avatarGustavo Mendoza

SharpLink Earns 460 ETH from Staking Rewards.

chest

SharpLink has reported significant staking rewards, solidifying its position as a major ETH holder.

user avatarMaria Fernandez

Clappfinance Transforms Crypto Lending through Adaptive Collateral Management.

chest

Clappfinance introduces a new approach to crypto lending with dynamic collateral management, allowing real-time adjustments to collateral and borrowing limits for better risk control.

user avatarRajesh Kumar

Ethereum Whales Accumulate Amid Market Dynamics

chest

Ethereum whales are significantly increasing their holdings, indicating strong market support despite rising risks.

user avatarMaria Gutierrez

Understanding Licensing in Cryptocurrency Casinos

chest

Licensing in cryptocurrency casinos creates accountability but does not eliminate risk for players.

user avatarArif Mukhtar

Massive Expiry of Bitcoin and Ethereum Options on Deribit

chest

A total of $30 billion in crypto options, including $24 billion in Bitcoin and $6 billion in Ethereum, are set to expire on Deribit, potentially causing significant market volatility.

user avatarDavid Robinson

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.