Howard Lutnick Nominated as Commerce Secretary

Trump's pick, a Wall Street veteran and crypto advocate, raises concerns over potential conflicts of interest.

Howard Lutnick, CEO of Cantor Fitzgerald, is President-elect Donald Trump's choice for Secretary of Commerce, focusing on tariffs and trade.
Lutnick, a major Trump donor and transition team co-chair, has been a strong proponent of increased tariffs to protect U.S. businesses.
Critics highlight Lutnick's ties to cryptocurrency and past regulatory issues as potential conflicts of interest in his new role.
The nomination is seen by some as a further entrenchment of the billionaire class within Trump's administration.
Lutnick's history includes leading Cantor Fitzgerald through the aftermath of 9/11, where the firm suffered significant losses.