Trump Names Cantor Fitzgerald CEO To Co-Lead Transition Team Amid Crypto Ties
Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...
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.
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.
We need a second term for President Trump. https://t.co/RzicgpjCow
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
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