I am a fan of crypto, but let me be very specific: bitcoin, just bitcoin. These other coins, they are just not a thing. I'm a big fan of this stablecoin called tether.
Lutnick has argued bitcoin should be treated as a commodity - meaning it would face less regulation than, say, stocks or bonds - and is superior to other cryptocurrencies given its lack of central authority and censorship-resistant properties.
Cantor Fitzgerald is a stalwart in finance, known particularly for its influential role in the bond market. It has also dabbled in crypto.
The recent reports suggest that Lutnick's prospects for the Treasury role have dimmed, with Trump now favoring him for Commerce Secretary instead.
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