Elon Musk Endorses Howard Lutnick for Treasury Secretary

Elon Musk has publicly endorsed Howard Lutnick, CEO of Cantor Fitzgerald, for the position of U.S. Treasury Secretary in Donald Trump's upcoming administration, arguing that Lutnick represents the necessary change to combat the financial instability caused by the 'business-as-usual' approach exemplified by his competitor, Scott Bessent. Musk, who has been given a leadership role in Trump’s government efficiency initiatives, called for more public input on the Treasury selection process, stating that feedback is essential for informed decision-making. His endorsement aligns with Lutnick's openness to innovative financial strategies, including cryptocurrency, contrasting Bessent’s skepticism on the matter. Prominent figures, such as Robert F. Kennedy Jr., have also backed Lutnick, framing him as a strong advocate for Bitcoin. Meanwhile, Bessent has notable support among Senate Republicans, including Lindsey Graham, who touts his qualifications and alignment with Trump's deregulation agenda. The decision for Treasury Secretary is critical, as it will oversee significant economic policies and the implementation of Trump’s tax laws.