• 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

SpaceX Acquires xAI to Tackle AI Power Challenges

chest

SpaceX has acquired xAI, merging rocket launch services with AI development to tackle the limitations of Earth-based infrastructure.

user avatarDiego Alvarez

Starlink Revenue Expected to Fund xAI's Operations After Merger

chest

Starlink revenue is expected to support xAI's operations after its acquisition by SpaceX.

user avatarKenji Takahashi

BlockDAG Launch Dashboard Set to Go Live on February 2

chest

BlockDAG will launch a new dashboard on February 2, providing users with a fully integrated system for managing their investments and preparing for exchange access.

user avatarMaria Fernandez

Referral Strategies Become Key to Success in ZKP Auction Stage 2

chest

Referral strategies are crucial for success in the ZKP presale auction Stage 2 as token availability tightens.

user avatarRajesh Kumar

Stage 2 of ZKP Presale Auction Heightens Competition with Scarcity

chest

Stage 2 of the ZKP presale auction reduces daily token allocation, intensifying competition and emphasizing referral strategies.

user avatarLuis Flores

SPX6900 and Brett Gain Traction in the Meme Coin Market

chest

SPX6900 and Brett are gaining traction in the meme coin market with increased trading activity and community support.

user avatarGustavo Mendoza

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.