Senate, Science and Transport Committee He was promoted by Howard Lutnicka’s candidacyCryptographic supporter and billionaire entrepreneur, as a commercial secretary according to the vote on 16-12.
The American technological and financial scene changes radically, and a wealthy man with sturdy connections with cryptocurrencies conducts essential national initiatives worth hundreds of billions of dollars.
Lutnick: The main technological programs are hanging in balance
Meeting Lutnicka He charges it for the law on $ 280 billion of the system and science, as well as a huge program of beads worth $ 42.5 billion. These numbers do not appear only on paper; They reflect the definite efforts of America to transform semiconductor sector and technical infrastructure. Thanks to global technological supremacy on the line, the rates are higher than ever.
https://www.youtube.com/watch?v=2isun7rvi6m
Warren’s cryptographic fears cause a fierce debate
The confirmation was not without the participation of fireworks. Senator Elizabeth Warren threw the glove, demanding the answer Lutnick’s connections with imprisonmentThe controversial issuer of Stablecoin.
Her letter from January 28 did not draw any blows, questioning everything from the Cantor Fitzgerald investment in Tether to potential regulations. The plot thickened when it turned out that Lutnicka’s financial disclosure is formed by detailed assets worth over $ 806 million and commitment to 800 entities.
Washington is divided by confirmation because a member of the ranking Maria Cantwell voted against Lutnick, citing inappropriate devoting to current program goals. One thing is noticeable because this billionaire entrepreneur takes his novel position: technology scene and American cryptographic scene is to change and even completely change the digital future of the country.
Technology Policy Cruz Champions
While Warren is rising Red flagsA colleague, Senator Ted Cruz, is hopeful about what he considers to be the victory of technological innovation. His vision? A complete recovery about the program of beads, departing from its fiber optic focus to accept alternatives such as satellite internet and constant wireless. This is a clear departure from previous politicians, and Cruz rejected the approach of the former biden administration, which are full of “unlawful conditions”.
Watch: The Senate Trade Commission meets to develop Howard Lutnicka as a trade secretary and transfer critical legal acts, including the Act on children from social media, Radio AM for each Act on Vehicles, Act on Fire Ready Nation and illegal red Lucjan and Tuna … pic.twitter.com/fmvwlskdk6
– Senator Ted Cruz (@sententcruz) February 5, 2025
Bitcoin Dreams and Stablecoin Schemes
Lutnick is open to his cryptocurrency plans. On Conference 2024 Bitcoin In Nashville, he certainly stated that cryptocurrency is “the future of financial independence.” He wants to demand checks for Stablecouins and can create a national Bitcoin reserve. This idea aroused excitement of cryptocurrency fans, but was worried about established financial bodies.
The newly created task group Sec Crypto, under the command of Commissioner Hester Peirce, will work closely with Lutnick to move on these unexplored waters.
A distinguished picture from Pexels, chart from TradingView
