The crypto community is eyeing two leading candidates for the post of US Treasury Secretary under President Donald Trump: Key Square Capital Management founder Scott Bessent and financial services company Cantor Fitzgerald CEO Howard Lutnick.
One of them, Scott Bessent, is highly qualified, he understands markets, economics, people and geopolitics. This is how the famous American investor and hedge fund manager Kyle Bass sees him.
Former US presidential candidate Robert F. Kennedy Jr., who dropped his candidacy in favor of Donald Trump, thinks otherwise:
Bitcoin — the currency of freedom, an inflation hedge for middle-class Americans, a cure for the dollar's decline as the world's reserve currency, and a way out of crippling government debt. Bitcoin will have no stronger champion than Howard Lutnick.
Howard Lutnick has long been a proponent of Bitcoin (BTC), seamlessly weaving the cryptocurrency into his firm’s financial offerings. In July 2024, he unveiled a $2 billion Bitcoin financing project designed to offer Bitcoin holders leverage.
Cantor Fitzgerald is also associated with Tether . Since the end of 2021, Cantor Fitzgerald has acted as the custodian of the reserves. Tether , controlling a significant portion of the US Treasury's assets Tether .
The focus on the next Treasury Secretary is no coincidence, as their appointments are seen as a turning point for U.S. economic policy, given that kriptovalyuta continues to gain particular popularity.