Elon Musk and RFK Jr. Back Howard Lutnick for US Treasury
Billionaire Elon Musk and politician Robert F. Kennedy Jr. have both backed Bitcoin advocate Howard Lew amid the heated debate over who should be the next Treasury secretary under President-elect Donald Trump. Tenike.
Cantor Fitzgerald CEO Lutnick is competing with Key Square Group founder Scott Bessent for the position. Both contenders are recognized for their pro-crypto stance, making this decision critical to the U.S. financial landscape.
Pro-crypto candidates vie for Treasury job in Trump administration
November 16, Kennedy Jr. was recently nominated to be secretary of the Department of Health and Human Servicessupporting Lutnick as Treasury Secretary. He praised Lutnick’s pro-crypto approach, emphasizing its potential to solve pressing economic challenges such as inflationa weak dollar and rising national debt.
“Bitcoin is the currency of freedom, a hedge against inflation for the American middle class, a remedy for the dollar’s downgrade from the world’s reserve currency status, and a refuge from the devastating national debt. There’s no better Bitcoin than Howard Lutnick A strong advocate,” Kennedy point out.
Musk also expressed support For Lutnick. In his statement, Musk said Lutnick could drive meaningful change and contrasted him with Bessant, whom he described as a “business as usual” candidate. Bold action is needed to address the U.S.’s economic challenges, he said, adding that restructuring is necessary to avoid a further recession.
“Bessent is a business-as-usual alternative, and Lutnick is actually going to make a difference. Business-as-usual is bankrupting America, so we need to change in some way.” Musk ring.
Lutnick’s leadership experience, particularly his role in rebuilding Cantor Fitzgerald, has earned him the respect of the financial community. his Open support for cryptocurrencies and efforts to integrate them into traditional finance, such as Cantor’s role as custodian tethered assets, demonstrating his forward-thinking approach.
On the other hand, Bessent’s recent statements confirm his belief in the potential of cryptocurrencies. This is in line with Trump’s vision to make the United States a global leader in blockchain innovation. a statement It is said Attributing it to him he wrote:
“I think everything is on the table for Bitcoin. One of the most exciting things about Bitcoin is that it attracts young people and people who haven’t participated in the market before. Cultivate a market culture in the United States and let people believe that it is suitable Their system is the core of capitalism.”
Meanwhile, the debate has extended to Decentralized prediction marketwhere users are divided. exist comprehensive marketboth candidates have a 47% chance of being selected.
Observers noted that the appointment could set the tone for the Trump administration, which has already demonstrated a strong pro-crypto stance Appoint several blockchain advocates to key positions. However, whether Lutnick or Bessent takes over, the decision will have a profound impact on the direction of the country’s economy.
Disclaimer
follow trust project BeInCrypto is committed to fair and transparent reporting. This news article is designed to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on the content of this article. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
