{"id":21279,"date":"2025-02-19T11:03:59","date_gmt":"2025-02-19T09:03:59","guid":{"rendered":"https:\/\/forklog.com\/en\/cryptocurrency-advocate-howard-lutnick-appointed-as-us-commerce-secretary\/"},"modified":"2025-02-19T11:03:59","modified_gmt":"2025-02-19T09:03:59","slug":"cryptocurrency-advocate-howard-lutnick-appointed-as-us-commerce-secretary","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cryptocurrency-advocate-howard-lutnick-appointed-as-us-commerce-secretary\/","title":{"rendered":"Cryptocurrency Advocate Howard Lutnick Appointed as US Commerce Secretary"},"content":{"rendered":"<p>The US Senate has confirmed Howard Lutnick as the Secretary of Commerce, reports <a href=\"https:\/\/www.foxnews.com\/politics\/howard-lutnick-confirmed-trumps-commerce-secretary\">FoxNews<\/a>. Previously, he served as CEO of Cantor Fitzgerald (a custodian of collateral and an active supporter of Tether) but left the position upon his appointment. <\/p>\n<p>According to media reports, Lutnick is one of the wealthiest individuals to have ever worked in a presidential administration. He has pledged to divest his financial interests to remain impartial. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cMy plan is to serve only the American people. Therefore, I will sell all my business interests, all my assets, everything. I have worked with the Office of Government Ethics, and we have reached an agreement on how to do this. I will sell within 90 days of my confirmation,\u201d said the then-candidate for the post of Secretary.<\/p>\n<\/blockquote>\n<p>During the discussion of his candidacy, Lutnick supported President Donald Trump\u2019s trade and tariff policies: <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe global trade environment treats us terribly. They all have high tariffs, non-tariff trade barriers, and subsidies. We need to be treated better. We can use tariffs to create reciprocity.\u201d<\/p>\n<\/blockquote>\n<p>Last week, Trump directed federal agencies to explore the implementation of reciprocal tariffs to address imbalances introduced by countries selling American products. Lutnick stated he would prepare a report by April 1. <\/p>\n<p>Previously, as a former co-chair of Trump\u2019s presidential transition team, the businessman received praise from the head of state, who aims to \u201ccreate the greatest administration America has ever seen.\u201d<\/p>\n<p>In the summer of 2024, Howard Lutnick <a href=\"https:\/\/t.me\/forklog\/38810\">spoke<\/a> at a conference in Nashville, where he discussed how Circle and FTX \u201ctried to destroy USDT.\u201d<\/p>\n<p>Back in late January 2025, Senator Elizabeth Warren expressed <a href=\"https:\/\/forklog.com\/en\/news\/elizabeth-warren-questions-ties-between-u-s-commerce-secretary-nominee-and-tether\">\u201cserious concern\u201d<\/a> regarding Lutnick\u2019s \u201cpersonal ties\u201d with Tether and affiliated parties. She described the stablecoin issuer as a \u201cnotorious facilitator of criminal activity,\u201d and USDT as the \u201ccryptocurrency of choice for wrongdoers.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Senate has confirmed Howard Lutnick as the Secretary of Commerce, reports FoxNews. Previously, he served as CEO of Cantor Fitzgerald (a custodian of collateral and an active supporter of Tether) but left the position upon his appointment. According to media reports, Lutnick is one of the wealthiest individuals to have ever worked in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[991,1714,1245,26],"class_list":["post-21279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-donald-trump","tag-howard-lutnick","tag-tether-usdt","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"47","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=21279"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/21278"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=21279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=21279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=21279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}