- Lutnick, contrasted with Scott Bessent by Musk, represents change from the usual, promising a shake-up in financial governance.
- Public input sought by Musk on Treasury choice to ensure the selection reflects broad economic interests and innovation.
Elon Musk voiced his support for Howard Lutnick as the next U.S. Treasury Secretary in the upcoming Donald Trump administration. Musk’s endorsement emphasizes Lutnick’s potential to bring needed transformation to the role, setting him apart from Scott Bessent, another candidate for the position.
Would be interesting to hear more people weigh in on this for @realDonaldTrump to consider feedback.
My view fwiw is that Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change.
Business-as-usual is driving America bankrupt, so we need change… https://t.co/igGLZOJ8wz
— Elon Musk (@elonmusk) November 16, 2024
Elon Musk Supports Howard Lutnick for Treasury Secretary
Musk highlighted that Lutnick, CEO of Cantor Fitzgerald and a prominent advocate for Tether, represents a departure from conventional choices, advocating for impactful changes in U.S. economic policy.
Musk criticized Bessent, founder of Key Square Group, labeling him as a “business-as-usual choice” and suggesting that such an appointment would lead the United States towards greater financial instability.
Public Input Encouraged
Adding to the discourse, Musk called for public and policymaker input on the selection for Treasury Secretary. He suggested that broad feedback could guide Trump in making a decision that reflects public demand for innovative and effective economic governance.
Lutnick, known for his disruptive financial perspectives and active role in Trump’s transition team, contrasts sharply with Bessent, who is recognized for his expertise in global markets and economic strategies. Bessent’s candidacy is seen as more aligned with traditional financial practices and stability in the markets.
Community Responses
Responding to Musk’s post, Chris Pavlovski, CEO of Rumble, commended Lutnick for his commitment to free speech and significant contributions to Rumble’s public offering. Pavlovski’s support echoes Musk’s sentiment that Lutnick is the transformative leader America needs.
Howard Lutnick is the one who took Rumble public.
He stood for free speech when no others did (this takes courage) and he has been instrumental in Rumble’s success.
I’m with @elonmusk on this one. Howard is the type of person America needs. https://t.co/cO39Rn1x5k
— Chris Pavlovski (@chrispavlovski) November 16, 2024
Despite Musk’s endorsement of Lutnick, betting odds favor Bessent, with his nomination seeming increasingly likely. This has influenced the cryptocurrency market, with Bitcoin reaching new highs amid expectations that Bessent’s potential appointment could foster clearer and more favorable crypto regulations.
The debate over the next U.S. Treasury Secretary is poised at a critical juncture, with significant implications for both national economic policy and global financial markets.
As the decision looms, the finance community and the public alike are keenly observing the developments, understanding that the choice between Lutnick and Bessent could shape the direction of U.S. economic strategy for years to come.
The current price of Dogecoin (DOGE) is $0.35878 USD, with a decline of 1.52% today.
Key Observations:
- Price Trend: Despite today’s drop, Dogecoin has shown strong performance over the past month, with an increase of 177.34%. It has also gained 116.87% in the past six months and is up 301.63% year-to-date, indicating significant bullish momentum.
- Market Capitalization: The current market cap of Dogecoin is $52.78 billion USD, with a 24-hour trading volume of $7.54 billion USD. The high volume indicates strong market interest and liquidity.
Technical Analysis
Dogecoin is approaching a support level at $0.35 USD. If it holds above this level, a potential rebound towards $0.40 USD is likely. However, if it fails to maintain support, we could see a pullback towards $0.30 USD.
