• 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

Understanding the Shift from Goods to Services in Consumer Spending

chest

The retail sales report primarily measures goods sales, missing the majority of consumer services, which constitutes around 68% of household expenditures.

user avatarLuis Flores

Sector Rotation: Insights from Disaggregated Retail Sales Data

chest

Institutional investors use disaggregated retail sales data to identify sector strengths and weaknesses, informing their investment strategies.

user avatarMaria Fernandez

Year-over-Year Growth: A Better Indicator of Consumer Trends

chest

Year-over-Year growth rates are prioritized by analysts to assess consumer purchasing behavior, smoothing out seasonal effects and revealing underlying trends.

user avatarRajesh Kumar

The Importance of Adjusting Retail Sales for Inflation

chest

The importance of adjusting retail sales figures for inflation to accurately assess consumer health and avoid misleading interpretations of nominal sales growth.

user avatarMiguel Rodriguez

Retail Control Group: A Key Metric for Economic Forecasting

chest

Retail Control Group: A Key Metric for Economic Forecasting

user avatarKenji Takahashi

Retail Sales Data: A Crucial Economic Indicator

chest

Retail sales data is a key indicator of consumer demand and economic health, reflecting spending trends and influencing economic forecasts.

user avatarArif Mukhtar

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.