• 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

Security Vulnerabilities Exposed in Prediction Markets

chest

Security vulnerabilities exposed in prediction markets, highlighting a flaw in the authentication flow of a third-party login service that allowed attackers to bypass two-factor authentication.

user avatarTando Nkube

Bitcoin Hyper Aims to Enhance Bitcoin's Utility with Layer 2 Solution

chest

Bitcoin Hyper has launched a new Layer 2 solution to improve Bitcoin's scalability and utility for developers by integrating the Solana Virtual Machine, allowing for sub-second transaction finality while maintaining security.

user avatarRajesh Kumar

Ray Dalio Warns of Dystopian Future with CBDCs

chest

Ray Dalio warns that Central Bank Digital Currencies (CBDCs) will compromise transactional anonymity and increase government surveillance over personal finances.

user avatarNguyen Van Long

Bybit Partners with Stockholm Open to Rebrand as BNP Paribas Nordic Open

chest

Bybit has announced its title partnership with the Stockholm Open, rebranding the tournament to the BNP Paribas Nordic Open.

user avatarKofi Adjeman

Coinbase's Unique Super Bowl Ad Receives Polarizing Feedback

chest

Coinbase aired a unique Super Bowl ad that received a polarizing response from viewers.

user avatarSatoshi Nakamura

Crypto Market Shifts Focus from AI as Savior to AI as Utility

chest

The narrative of AI in the cryptocurrency market is shifting from viewing it as a savior to recognizing its utility in optimizing workflows and addressing market volatility.

user avatarJesper Sørensen

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.