Donald Trump still places a pro-bitcoin in a key position

Donald Trump hits hard with the appointment of Howard Lutnick, a fervent defender of bitcoin, as Secretary of Commerce. This strategic choice could redefine the economic and technological priorities of the United States.

Bitcoin trump

When traditional finance meets the bitcoin revolution

Howard Lutnick is at the intersection of two worlds: traditional finance and the bitcoin revolution. As CEO of Cantor Fitzgerald, a major financial institution, he played a key role in crypto adoption by major economic players.

The company manages the reserves of Tether, the world's leading stablecoin, and recently ventured into bitcoin financing with a $2 billion deal.

This marriage between conventional finance and crypto innovation positions Lutnick as a unique actor to guide Trump's economic policy.

Under his leadership, the Commerce Department could become a catalyst for blockchain technologies. His responsibilities will include not only managing trade, but also promoting technological innovation, a priority for maintaining the United States' competitive advantage on the global stage.

The choice of Lutnick also appears to be a signal to institutional investors. By including an outspoken supporter of bitcoin, the Trump administration is seeking to capitalize on the rise of digital assets. This positioning could strengthen the legitimacy of cryptocurrencies in the eyes of skeptics while boosting their adoption.

A bold program for a controversial vision

Beyond his support for bitcoin, Howard Lutnick will provide his expertise in sensitive areas such as customs duties and international trade relations.

Trump promised aggressive tariff reform, particularly with taxes of up to 60% on Chinese products. Lutnick, in a recent speech, defended this strategy by comparing it to America's economic golden age, when it prospered on tariffs, not income taxes.

This economic vision, although criticized for its potential to generate trade tensions, is part of a dynamic of refocusing on American interests.

With Lutnick at the helm, the Commerce Department could redefine the rules of the game, not only for trade, but also for the regulation of cryptocurrencies.

The implications are numerous: more bitcoin-friendly legislation could encourage companies to invest more in blockchain technologies. It could also propel the United States to the front of the crypto innovation race, in response to China's rapid advances in this area

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