A self-styled Wall Street tough guy, Lutnik served as head of brokerage and investment bank Cantor Fitzgerald before being selected by Trump to take charge of everything from imposing trade restrictions to monitoring the weather.

Treasury Secretary Howard Lutnick is dismissing warnings that Trump’s trade policies will drive economic growth, as a Bitcoin chill hits the markets.

Commerce Secretary Lutnick dismisses recession fears despite Bitcoin's decline to $80,000 and increasing market concern over Trump's upcoming tariff implementation.

Bitcoin is set to hold a unique status within the crypto reserve, said Lutnick, while altcoins will be treated "positively, but differently."

Howard Lutnick, former CEO of Cantor Fitzgerald, has been appointed as the new US Commerce Secretary. He will support tariffs to protect American industries and restrict technology exports to countries like China and Russia.

These expectations were further reinforced by the recent announcement and ensuing executive order on establishing a "Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile." However, since the beginning of this year,

Bitcoin rebounds after U.S. Commerce Secretary Howard Lutnick hints at possible tariff relief, while Satoshi-era Bitcoin wallets moves $22 million after 14 years.

Trump's Cabinet members hold diverse portfolios with bitcoin, Big Tech stocks, and index funds.

President Donald Trump said Friday that he’s committed to making the U.S. a world leader in cryptocurrencies as industry leaders heaped praise on him for reversing what they said had been unfair attacks on digital assets by the previous administration.