Cantor Fitzgerald CEO Howard Lutnick has been appointed to co-lead Donald Trump’s transition team. According to Trump’s presidential campaign, Lutnick, a significant player in the financial services sector, will be responsible for shaping policies and organizing staff for Trump’s administration, should he win the 2024 U.S. presidential election.
Howard Lutnick is a “Fan of bitcoin”
Lutnick’s involvement in Trump’s transition team could signal a significant role for the financial services firm in shaping the administration’s approach to digital assets and cryptocurrency. Under Lutnick’s leadership, Cantor Fitzgerald has been deeply involved in the crypto space, particularly through its management of Tether’s Treasury portfolio since 2021.
Lutnick is also a prominent advocate for bitcoin, having launched a $2 billion bitcoin lending program at the bitcoin 2024 event. His stance on digital assets may suggest that crypto-related policies could be a focal point in the administration’s economic agenda if Trump is re-elected.
“I am a fan of bitcoin. Cantor Fitzgerald is a fan of bitcoin, and our investment bank is a rockstar in the digital asset space. We are just getting started,” stated Lutnick.
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This development comes as Trump’s campaign seeks to strengthen its ties with the crypto sector, following Lutnick’s efforts to engage with Republican lawmakers on stablecoin regulation and his broader influence in the financial services industry.
“I have known Former President @realDonaldTrump for decades – I was even a guest on The Apprentice back in 2008. I appreciate his kind words about me and Cantor Fitzgerald during his speech at @TheBitcoinConf,” said Lutnick in a social media post.
“It’s exciting to see him take a supportive stance on bitcoin, innovation in the industry, and its role in the US. A great friend and a great man,” said Lutnick.
Alongside Lutnick, former WWE CEO Linda McMahon has also been appointed as the co-leader of Trump’s transition team. McMahon served as the head of the Small Business Administration during Trump’s first term.