Pro-Bitcoin In Power: A Bold Choice By Trump For Trade

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

When traditional finance meets the bitcoin revolution

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

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

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

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

Lutnick’s choice also seems to be a signal sent to institutional investors. By integrating a declared supporter of bitcoin, the Trump administration seeks 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.

An ambitious program for a controversial vision

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

Trump has promised an aggressive tariff reform, notably with taxes reaching up to 60% on Chinese products. Lutnick, in a recent speech, defended this strategy by comparing it to the economic golden age of the United States when they thrived on tariffs rather than income tax.

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

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

The implications are numerous: a more favorable legislation for bitcoin could encourage companies to invest more in blockchain technologies. This could also propel the United States to the forefront of the crypto innovation race in response to China’s rapid advances in this field.