Originally published on: September 28, 2024
Howard Lutnick, CEO of Cantor Fitzgerald, made a compelling case for classifying Bitcoin as a commodity akin to gold and oil during a recent interview on Fox Business. Lutnick emphasized the established status of Bitcoin as a commodity and urged regulators to provide clearer guidelines for the cryptocurrency industry.
In a segment of Mornings with Maria, Lutnick discussed the potential convergence of commodities and equities over the next couple of decades. He expressed concerns about regulators’ understanding of the significance of Bitcoin and its broader impact on the digital asset landscape.
Notably, Cantor Fitzgerald announced a $2 billion Bitcoin financing business at the Bitcoin 2024 conference in Nashville, Tennessee. Lutnick unveiled plans for a BTC lending program that would offer leverage to Bitcoin owners, further solidifying the firm’s commitment to integrating Bitcoin into the global financial market.
On a separate note, Lutnick’s involvement in former President Donald Trump’s transition team highlights his influence in the crypto space. Alongside Linda McMahon, Lutnick will co-lead Trump’s transition team if he secures a victory in the upcoming presidential election.
These strategic moves underscore Lutnick’s bullish stance on crypto assets and position Cantor Fitzgerald at the forefront of the evolving financial landscape. Stay informed on the latest developments in the crypto industry by subscribing to our newsletter today.
