Summary
- With Howard Lutnik confirmed as Secretary of Commerce, it was reported that he is expected to influence policy direction for cryptocurrencies, especially stablecoins.
- Secretary Lutnik emphasized the recovery of US national security and manufacturing supply chains in his position leading tariff and trade agenda tasks assigned by President Trump.
- Secretary Lutnik mentioned that tariffs are important as US negotiation strategy, and his role in economic policy and cryptocurrency sector is drawing attention.
The US Senate has confirmed Howard Lutnik, CEO of Cantor Fitzgerald, as Secretary of Commerce through a vote.
According to Bloomberg on the 18th (local time), Secretary Lutnik secured the position of Commerce Secretary with 51 votes in favor and 45 votes against in the Senate vote. Accordingly, Secretary Lutnik will lead the administration's tasks including tariffs and trade agenda assigned by President Donald Trump.
During his confirmation hearing, Secretary Lutnik emphasized to senators that tariffs would be used to strengthen US national security and restore US manufacturing and supply chains. He also stated that "tariffs will be an effective negotiation strategy to make other countries respect the United States."
Meanwhile, Secretary Lutnik is known as a supporter of stablecoin Tether (USDT) among cryptocurrencies (digital assets that are pegged to fiat currencies).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
