• 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

SUI Price Shows Signs of Recovery Amid Strong Inflows

chest

SUI shows strong trading volume and potential for recovery despite a 5% price drop.

user avatarSatoshi Nakamura

Sui Surpasses Ethereum in Daily Bridged Inflows

chest

Sui SUI has surpassed Ethereum in daily bridged inflows, ranking third overall behind Arbitrum and Avalanche, indicating a growing preference for its design and functionality.

user avatarKofi Adjeman

Sui's Growth Linked to Object-Based Design

chest

Sui's object-based design allows for simultaneous transactions, enhancing speed and reducing costs, attracting more developers and users.

user avatarNguyen Van Long

COT Reports: A Key to Understanding Institutional Positioning

chest

The Commitment of Traders (COT) report provides insights into institutional positioning in currency derivatives, helping traders gauge market sentiment.

user avatarLucas Weissmann

Intermarket Analysis: Understanding the Four Pillars of Finance

chest

Traders and financial analysts recognize the importance of intermarket analysis, highlighting the interconnectedness of major asset classes and enabling informed decision-making.

user avatarJesper Sørensen

Market Fear Deciphered: The Role of Implied Volatility

chest

Traders and financial analysts are increasingly utilizing implied volatility and risk reversal metrics to gauge market expectations and sentiment regarding currency movements.

user avatarRajesh Kumar

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.