Howard Lutnick to Be Named Commerce Secretary by Trump

The role of Howard Lutnick in the Donald Trump administration will extend beyond the transition team. According to a report from Punchbowl News

President-elect Donald Trump is expected to announce Howard Lutnick as his Commerce secretary on Monday, according to Punchbowl News.

Lutnick, the CEO of Cantor Fitzgerald and a major advocate for Tether, would bring both crypto and TradFi experience to the Commerce Department.

The news was first reported by Punchbowl News and the Wall Street Journal on Friday.

Lutnick is a longtime friend of President Trump and has hosted many fundraisers for him.

He was previously considered for the role of Treasury secretary, but the competition for that role was said to be tough, with candidates including Scott Bessent also being considered.

If confirmed, Lutnick's job as Commerce secretary will involve representing American businesses in the President's cabinet and contributing to fueling economic growth and development.

Lutnick has expressed support for the potential Department of Government Efficiency (D.O.G.E) on different occasions. DOGE is a new idea to fuel government efficiency, with Elon Musk leading the commission.

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