There is Yet Another Pro-Bitcoin Move from Donald Trump

The Cantor Fitzgerald CEO, who gained recognition for his speech at a recent Bitcoin conference in Nashville, has been appointed co-lead of the Trump presidential transition team.

This team was tasked with conducting significant pre-election planning for the new administration, including vetting candidates for cabinet posts and numerous political appointment positions across the federal government and developing a comprehensive policy agenda.

Cantor Fitzgerald, a global financial services firm, recently made headlines by announcing a $2 billion Bitcoin financing deal. The CEO expressed his strong support for Bitcoin by saying, “I am a Bitcoin fan. Cantor Fitzgerald is a Bitcoin fan and our investment bank is a rock star in the digital asset space. We are just getting started.”

“We will bring back power, competence and common sense to the Oval Office,” former President Donald Trump said in a statement. “I have every confidence that the Trump-Vance administration will be prepared to govern effectively from day one.” The transition team plays a crucial role in planning the new administration, ensuring that all necessary preparations are made well before the votes are cast.

Linda McMahon, who joined the transition team alongside the CEO, previously served as the head of the Small Business Administration during Trump’s first term. Both McMahon and the CEO are major donors to Trump’s reelection efforts. In addition, Trump’s sons’ presence on the transition committee suggests they could play important roles in a potential second Trump administration. The two, who campaigned alongside their father, were also prominent speakers at the recent Republican National Convention.

*This is not investment advice.

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