Republican presidential candidate Donald Trump has announced that Howard Lutnick, the CEO of Cantor Fitzgerald, will help lead his transition team if he is re-elected president.
Lutnick is set to serve as co-chair alongside Linda McMahon, the former head of the U.S. Small Business Administration. Additionally, Trump’s vice presidential candidate JD Vance, along with Trump’s sons Donald Trump Jr. and Eric Trump, will serve as honorary chairmen in the potential administration.
The appointment of Lutnick, a figure known for his crypto-friendly stance, has been noted as a strategic choice by many in the financial sector. Tether CEO Paolo Ardoino previously highlighted that Cantor Fitzgerald has been serving as Tether’s custodian since the end of 2021, underscoring Lutnick’s deep ties to the cryptocurrency market.
Alexander Grieve, vice president of government affairs at Paradigm, commented on the appointment, stating that it holds great significance for the crypto industry. “Trump’s choice reflects a growing recognition of the importance of cryptocurrency in the financial landscape,” Grieve remarked. “This move could signal a more favorable regulatory environment for digital assets under a potential Trump administration.”
