Odaily Planet Daily News: Trump is selecting cabinet members for the incoming government in 2025. According to reports, the position of Treasury Secretary is currently being contested between Scott Bessent and Cantor Fitzgerald CEO Howard Lutnick.
FOX Business reporter Eleanor Terrett stated that Bessent is "almost certain" to secure this position. This asset manager who supports encrypted assets has the highest possibility of becoming the US Treasury Secretary along with hedge fund manager John Paulson.
However, according to sources close to the process, Paulson withdrew from the cabinet selection due to what he called "complex financial obligations," while Lutnick reportedly hastily joined to compete for the position of Treasury Secretary.
Although the position is currently undecided, Lutnick and Bessent are both candidates who support cryptocurrency. They believe that the industry will continue to exist and hope that the United States will promote the development of the digital asset field.
It is reported that Cantor Fitzgerald, a company led by Lutnick, has been acting as the custodian of Tether's treasury bond bond portfolio since 2021, and became the custodian of Tether's bond portfolio in 2023. Lutnick has always been a supporter of cryptocurrency and has praised Tether and Bitcoin. （Cointelegraph）
