Howard Lutnick, CEO of Cantor Fitzgerald, is anticipated to be nominated by President-elect Donald Trump to lead the US Department of Commerce.
Lutnick has been a vocal advocate for economic policies and tariffs in Trump's administration.
Lutnick's potential appointment does not directly relate to the crypto industry, but he has been a strong supporter of it through his firm's plans for a Bitcoin financing business.
Lutnick predicts significant value increase for Bitcoin in the next five years.