President-elect Donald Trump has nominated Howard Lutnick, CEO of Cantor Fitzgerald, as the next U.S. Secretary of Commerce.

Lutnick, 63, has been a key fundraiser for Trump’s 2020 and 2024 campaigns and co-chaired the transition team. His nomination underscores Trump’s commitment to integrating business acumen into his administration.

Lutnick’s leadership at Cantor Fitzgerald, a prominent financial services firm, has been marked by resilience and innovation. ‘

He guided the company through the aftermath of the September 11 attacks, which claimed the lives of 658 employees, including his brother. His experience in navigating complex economic landscapes is expected to inform his approach to commerce and trade policies.

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Known for his pro-Bitcoin stance, Lutnick has advocated for the integration of cryptocurrency into mainstream financial systems. v

His appointment signals a shift toward more progressive digital currency policies within the Commerce Department. The Senate will consider his nomination in the upcoming session, with confirmation hearings anticipated to focus on his financial expertise and vision for U.S. commerce.