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.
Bitcoin is set to hold a unique status within the crypto reserve, said Lutnick, while altcoins will be treated "positively, but differently."
As markets braced for the anticipated impacts of Trump's tariffs on Canada and Mexico, major indexes such as the Dow Jones, Nasdaq composite, and S&P 500 ended a sluggish February with a string of late sell-offs.
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.
Cryptopolitan on MSN3d
Commerce Secretary Lutnick’s optimism on tariffs might be misplaced: No deal is coming – Jim CramerJim Cramer says that there is no deal on auto tariffs meaning there is going to be a deal while Commerce Secretary Lutnick says to expect a tariff relief on Canada and Mexico.
Trump's Cabinet members hold diverse portfolios with bitcoin, Big Tech stocks, and index funds.
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