• 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

Blueprint Promotes User Autonomy While Managing Risk in DeFi

chest

Blueprint is redefining user experience in DeFi by allowing participants to choose their own leverage levels, balancing user autonomy with the risks of leverage.

user avatarJesper Sørensen

DeFi Ecosystem Shifts Towards Sustainability

chest

The DeFi ecosystem is evolving from high-risk speculation to a focus on sustainable business practices and measured returns.

user avatarRajesh Kumar

Diginex Secures Conditional License for Virtual Asset Advisory in Hong Kong

chest

Diginex Securities Limited has received conditional approval from the Hong Kong Securities and Futures Commission to offer virtual asset advisory services, specifically targeting professional investors.

user avatarLucas Weissmann

Chai Discovery Raises $130 Million in Series B Funding

chest

Chai Discovery has raised $130 million in Series B funding, achieving a valuation of $1.3 billion.

user avatarEmily Carter

Chai Discovery Forms Strategic Partnership with Eli Lilly

chest

Chai Discovery, an AI biotech startup, has formed a significant partnership with Eli Lilly to enhance drug development processes.

user avatarFilippo Romano

Ibukun Onitiju on Value Creation in Career Growth

chest

Ibukun Onitiju advises professionals to focus on value creation rather than job titles for career success.

user avatarAisha Farooq

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.