Howard Lutnick: The New Commerce Secretary Who Might Just Save Crypto (Or Not!)

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So, here we are, folks! The US economy is at a crossroads, and guess who’s behind the wheel? Yep, the newly minted Trump administration is ready to shake things up like a toddler with a snow globe. The US SEC has decided to play nice and appointed a special crypto task force to figure out what the heck to do with all that digital money. Meanwhile, trade tariffs are flying around like confetti at a bad wedding—hello, China, Mexico, and Canada! 🎉

And just when you thought it couldn’t get any juicier, we have the delightful Donald Trump —yes, that Donald Trump—nominating Howard Lutnick as the US Commerce Secretary. Because why not? Lutnick is all about Bitcoin and tariffs, which is like mixing oil and water, but hey, it’s 2025!

Howard Lutnick: The Man, The Myth, The Commerce Secretary

Surprise, surprise! Lutnick’s appointment didn’t exactly send shockwaves through the political world. In fact, it was more like a gentle ripple in a kiddie pool. Trump had already hinted at this back in November 2024, probably while munching on a Big Mac. 🍔

Let’s be real: choosing Lutnick is like giving a gold star to the kid who brought cookies to class. He’s been a major player in the Republican fundraising game, so this is just Trump’s way of saying, “Thanks for the cash, buddy!”

Business folks are throwing confetti over Lutnick’s appointment. He’s been the big cheese at Cantor Fitzgerald and BGC Group, but now he’s stepping down to play by the government’s rules. How noble! 🙄

As Commerce Secretary, he’ll be juggling economic stats, census data, and weather reports—because who doesn’t want to know if it’s raining while discussing tariffs? More importantly, he’ll be the mastermind behind the new import tax strategy. Buckle up, everyone!

CONFIRMED: @howardlutnick as Secretary of Commerce. Cabinet #17.

We have 5 cabinet-level confirmations left to go, plus @Kash_Patel (FBI is under DOJ—so not technically cabinet)

— Markwayne Mullin (@SenMullin) February 18, 2025

Lutnick’s Tariff Tango

Rumor has it, Lutnick was the one whispering sweet nothings into Trump’s ear about those aggressive import taxes. During his confirmation hearing, he defended the tariff strategy like a knight in shining armor, waving off inflation concerns like they were pesky flies. 🦟

Recently, the Trump administration slapped a 10% tariff on China, and guess what? Beijing fired back with a 15% counter-tariff. It’s like a game of economic ping-pong, and we’re all just spectators.

Oh, and let’s not forget the drama with Mexico and Canada. The US government announced a tariff plan, then hit the brakes faster than a teenager when they see a cop. 🚔

They even decided to raise taxes on foreign steel and aluminum, proving they’re ready to go to war for local industries. Who knew tariffs could be so exciting?

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Lutnick: The Bitcoin Buddy

Now, let’s talk about the Bitcoin buzz! Lutnick’s pro-Bitcoin stance has crypto enthusiasts doing backflips. At a recent Bitcoin conference, he declared, “Bitcoin is like gold and should be free trade everywhere. We will do everything in our power to make it so.” Wow, such a bold statement! 🙌

Under Lutnick

2025-02-19 10:39