What It Means for Trade & Crypto
The U.S. economy is at a critical moment. It seems that the newly elected Trump administration is preparing to revamp U.S. cryptocurrency and trade policies. Recently, the US SEC appointed Special encryption working group Create clear Cryptocurrency regulation frame. The U.S. government announced trade tariffs on China, Mexico and Canada, and imposed tariffs on foreign aluminum and steel.
Interestingly, discussing whether the US president is Donald Trump 
Donald Trump Donald Trump is a former American politician, businessman and media figure who served as the 45th president of the United States between 2017 and 2021. Trump received his bachelor’s degree in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as Republican nominee against Democratic nominee Hillary Clinton while losing universal suffrage. As president, Trump ordered a travel ban on citizens of several Muslim majority countries, shifting military funds to the construction of walls at the U.S.-Mexico border and implementing a family separation policy. Trump remains a prominent figure in the Republican Party and is considered a candidate for the 2024 presidential election president Will continue his positive economic policy, and his nominee for the position of Secretary of Commerce Howard Lutnick (known for his pro-Korea and pro-Tariff views) won the Senate in a 51-45 vote Confirmation.
Howard Lutnick confirms as U.S. Secretary of Commerce
The appointment of Lutnick as Secretary of Commerce is not surprising, as many people pay close attention to American political developments. In November 2024, Donald Trump has shared his intentions to nominate Lutnick for the position.
For Trump, choosing Lutnik as the postal service US Presidential Election. The business leader played a crucial role in the Republican election fundraising process during the 2020 and 2024 presidential campaigns.
Many in the business community welcomed Lutnik’s appointment. Lutnick has always been a very popular businessman. He is the chairman and CEO of Cantor Fitzgerald and BGC Group. Shortly after confirming the U.S. Secretary of Commerce, he Resign From his business role to compliance with government ethical requirements.
As Secretary of Commerce, he will manage sensitive areas including economic statistics, census actions and weather reports. More importantly, he will be responsible for implementing the new government’s active import tax strategy.
Lutnik’s trade policy and support for tariffs
Earlier, there were rumors that Lutnik was one of the people who encouraged Donald Trump to continue his aggressive import tax strategy.
Lutnik defended at confirmation hearing Trump’s tariff strategy Concerns about the potential inflationary impact of tariffs are strongly expected and even condemned.
Recently, the Trump administration 10% tariff In China. Beijing 15% of anti-election On selected US goods.
The U.S. government announced similar tariff plans for Mexico and Canada, freezing the move two days later until March 4.
The government has even increased taxes on foreign steel and aluminum, which clearly shows that supporting local industries to any extent is a decisive factor.
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Lutnik’s Bitcoin Advocacy and Crypto Support
Lutnick’s appointment is well-known for his pro-coin stance, which has sparked great excitement from crypto enthusiasts, especially the Bitcoin community.
He recently said in a speech at a Bitcoin conference:
“Bitcoin is like gold, and it should be free trade everywhere. We will do our best to achieve this.”
Cantor Fitzgerald, under Lutnick, began a pro-Crypto initiative such as a $2 billion Bitcoin financing campaign.
The company’s connection to the crypto industry is not limited to BTC. The company supports many progressive crypto programs. It oversaw Tether’s U.S. Treasury Department. Reports indicate that the company purchased 5% stake in the tether recent.
In short, Lutnick’s appointment as U.S. Commerce Secretary marks a major shift in trade and crypto policies. His pro-positioning stance is aligned with Trump’s economic strategy, and his Bitcoin advocacy has inspired the cryptocurrency community. When he was in charge, his policies could reshape U.S. trade momentum and crypto regulations that kept his tenure closely watched.
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