• 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

StorX Enhances Institutional Access with Fireblocks Integration

chest

StorX enhances institutional access with Fireblocks integration, providing secure custody and treasury management for regulated financial institutions.

user avatarGustavo Mendoza

StorX Networks SRX Token Now Available on BitGo Custody Platform

chest

StorX Networks has added its SRX token to the BitGo custody platform, enhancing institutional access to decentralized storage.

user avatarMaria Fernandez

Singapore Commits Over S1 Billion to Artificial Intelligence Research

chest

Singapore commits over S1 billion to AI research over the next six years, focusing on system efficiency, education, and business support.

user avatarRajesh Kumar

Ledger Targets $4 Billion Valuation with NYSE IPO.

chest

French hardware wallet maker Ledger aims for a New York Stock Exchange listing valued at $4 billion, tripling its previous valuation.

user avatarKaterina Papadopoulou

HBAR's Journey to $1: Required Market Expansion and Increased Adoption.

chest

For HBAR to reach a price of $1, significant market growth and enterprise adoption are necessary.

user avatarEmily Carter

Coinbase Maintenance to Impact Global Cryptocurrency Trading Activities

chest

Coinbase maintenance on January 24, 2025, will impact global trading activities, causing temporary liquidity reductions and increased market volatility.

user avatarMiguel Rodriguez

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.