• 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

Solana Foundation Introduces Solana Agent Skills to Enhance AI Integration

chest

The Solana Foundation has launched Solana Agent Skills, a new catalog designed for developers to integrate AI agents into Solana workflows more efficiently.

user avatarKaterina Papadopoulou

XRP Long Traders Suffer Major Losses Amid Liquidation Imbalance

chest

XRP long traders faced significant losses of $322 million in just 24 hours, overshadowing short traders' losses as liquidation pressure surged.

user avatarLeo van der Veen

Kwasi Kwarteng Reflects on Minibudget Impact and Future Economic Strategies

chest

Kwasi Kwarteng reflects on the impact of his controversial minibudget and advocates for long-term economic strategies and innovation in financial technologies.

user avatarMaya Lundqvist

Paris Blockchain Week 2026 to Feature G7 President Emmanuel Macron

chest

Emmanuel Macron will be the first sitting G7 president to speak at a conference dedicated to digital assets during Paris Blockchain Week 2026.

user avatarTenzin Dorje

U.S. Government Plans to Ban Prediction Markets on Death and Disasters

chest

The U.S. government is considering a ban on prediction markets related to death and disasters amid growing scrutiny.

user avatarBayarjavkhlan Ganbaatar

Shiba Inu Price Prediction Indicates Potential Breakout

chest

Shiba Inu is currently consolidating just below a strong resistance zone, hinting at a possible breakout.

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.