Trump Nominates Lutnick, Crypto Advocate, as Commerce Secretary

President-elect Donald Trump has announced the nomination of Howard Lutnick, CEO of Cantor Fitzgerald, as Secretary of Commerce. Lutnick is expected to lead the administration's tariff and trade agenda and has been a prominent supporter of cryptocurrency initiatives. Known for his resilience after surviving the 9/11 attacks, Lutnick has a significant Wall Street background and has shown strong philanthropic efforts. His nomination comes during Trump's focus on boosting U.S. manufacturing through steep tariffs on imported goods, which could have substantial economic implications. Lutnick's connection to the crypto industry and his firm's recent ventures in Bitcoin financing highlight his influence on financial innovation. The nomination is subject to Senate confirmation, amid a broader appointment of New Yorkers to senior positions in Trump's administration.