Donald Trump's selection of Howard Lutnick as Commerce Secretary has been praised by the cryptocurrency sector, reflecting Lutnick's strong advocacy for equal treatment of crypto assets.
Lutnick believes Bitcoin should trade like gold globally, expressing his commitment by stating that his firm Cantor Fitzgerald will provide substantial loans and support for Bitcoin.
In a recent Fox Business interview, Lutnick criticized Biden administration regulators for lacking understanding of cryptocurrency and urged them to classify Bitcoin as a commodity.
Lutnick's upcoming role as Commerce Secretary places him in a position of influence to promote cryptocurrency acceptance, paralleling his firm's significant investments in Bitcoin.
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