Bitcoin must be handled as a commodity, admire gold: Cantor Fitzgerald CEO

Cantor Fitzgerald CEO Howard Lutnick appeared on Fox Enterprise on Sept. 27 and informed regulators to categorise Bitcoin as a commodity, similar to gold and oil.

In the Mornings with Maria interview, Lutnick acknowledged that the placement of Bitcoin (BTC) as a commodity is nicely-established and known as for clearer regulation of the cryptocurrency home:

“Bitcoin is a commodity. It’ll be handled admire gold and admire oil. It’s upright a commodity.”

Linked: Cantor Fitzgerald CEO to co-lead Trump transition group

Bitcoin as a commodity

Maria asked Lutnick whether he believed “commodities and other issues that are traded on” Cantor Fitzgerald’s replace would abilities identical regulations to those in equities.

Lutnick acknowledged he believes commodities and equities will merge over a long length of time, “over presumably twenty years.”

The CEO emphasised his assert over regulators’ lack of ability to rob the importance of BTC and the broader digital asset industry:

“Let’s face it: they don’t even know easy how to create crypto and digital in any appreciate, and they do not know; they aloof don’t know the plan well-known it is a ways to fetch it factual.” 

Linked: Cantor Fitzgerald proclaims $2B Bitcoin financing commercial

Cantor Fitzgerald’s $2 billion BTC lending program

On July 27, on the Bitcoin 2024 convention in Nashville, Tennessee, Lutnick announced the launch of a BTC lending program, offering “leverage to of us who believe Bitcoin.”

The monetary providers company’s CEO acknowledged it would launch “with $2 billion of lending” through its “Bitcoin financing commercial.”

In his closing statement on the convention, Lutnick acknowledged the company would welcome “Bitcoin into the financing family of the global monetary market.”

Linked: 11 Bitcoin miners also can no longer mine profitably post halving — Cantor Fitzgerald

Lutnick to co-lead Trump transition group

In an Aug. 16 statement, frail United States President Donald Trump’s campaign group acknowledged that Lutnick would co-lead the Republic nominee’s transition group if he wins the presidential election in November.

Alongside World Wrestling Leisure co-founder Linda McMahon, Lutnick will oversee the organization of insurance policies and workers management at some stage within the transition group.

Alex Grieve, Paradigm’s executive affairs lead, acknowledged in an Aug. 16 X post that Lutnick’s inclusion within the group is “broad for crypto” since the Cantor Fitzgerald CEO is “a tall crypto bull.”

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