American Senate confirms Howard Lunnick as a trade secretary

The American Senate was approved by Howard Lunnicka as 41. Registrar, putting the pro-crypto financier in charge of U.S. Trade and Economic Policy.

Senate confirmed Lunnick with 51-45 votes conducted on Tuesday, February 18, toward to The New York Times. Former Cantor General Cantor Fitzgerald, Lunnicka, was a powerful Proponent Bitcoin (BTC) and Tether (USDTT).

Bitcoin “should be free to trade everywhere in the world,” Lunnick said earlier, which resembled gold. He defended Teter’s reserves in the Bitcoin 2024 conference, saying they fully supported gold, Bitcoin and American cash registers.

Also pushed back against concern Stablecoins’ The role in illegal funding during the hearing of the Senate certificate. Since SEC is reviewing applications for which will be advocated In Ethereum ETF, its appointment may affect the change in the position of the Digital Property Trade Department.

Beyond Criptocurrenci, Lunnick will be crucial for Trumps Assertive Trade Ambitions. He renewed the arguments that tariffs cause inflation, calling them “nonsense” and defended the use of tariffs as weapons for coercing trade partners in reducing trading barriers.

His position supports Trump call for more tariffs Fees for the protection of American companies. Trump’s pressure for larger tariffs came under the fire of conservative economists who claim that tariffs increase the prices of American consumers.

Lunnick left Kantor Fitzgerald to comply with the federal regulations on ethics. The cantor strengthened his connections with the cryptocurrency sector offering devices detention services. He will lead a department of more than 50,000 workers in its role of trade secretaries, positions in which they will manage trade policies, technological exports and economic regulations.

CRIPTO enthusiasts and Trumps could both benefit from its confirmation. But his prophetic position could deter terms with American trade partners, which would probably lead to new trading negotiations.