Howard Lutnick has been confirmed as the 41st US Secretary of Commerce, marking a significant shift in trade and economic policy. The Senate approved his appointment with a 51-45 vote, placing the pro-crypto former chief executive of Cantor Fitzgerald at the helm of the department overseeing trade regulations and economic strategies.

Lutnick has long supported Bitcoin, calling it a global asset similar to gold, and has defended Tether's reserves as fully backed by strong financial assets. He also dismissed concerns over stablecoins and illicit funding during his Senate hearing. With the SEC reviewing Ethereum staking ETFs, his leadership could shape the Commerce Department's stance on digital assets.

Beyond cryptocurrency, Lutnick aligns with Donald Trump's push for tariffs to protect British businesses, arguing that tariffs do not cause inflation. His appointment signals stronger trade policies that could benefit US industries but may also increase tensions with international partners. As Commerce Secretary, he will oversee economic regulations, technological exports, and trade negotiations, potentially reshaping global trade dynamics.

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