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Crypto-Friendly Lutnick Confirmed as Commerce Secretary The US Senate has confirmed Howard Lutnick as Secretary of Commerce, known for his pro-crypto stance. In related news, State Street and Citi, two major banks, are both entering the cryptocurrency custody business, with State Street planning to launch services next year. State Street manages $46.6 trillion while Citi holds $25 trillion in custody assets. Read more here and further details on custody here. #Crypto#Commerce#Banking#Custody#HowardLutnick#StateStreet#Citi#Finance#Assets#Investment#DigitalAssets#BitCoin#CustodianServices#Blockchain#Senate#Regulation#USPolitics#Cryptocurrency#Innovation#CryptoNews

Howard Lutnick Named Secretary of Commerce Pro-Bitcoin advocate Howard Lutnick confirmed as U.S. Secretary of Commerce. By Q4 2024, 1,576 firms invested in U.S. spot Bitcoin ETFs, totaling $26.8bn AUM (+113%). Institutional investments rose to 25.4% of AUM, up from 21.3% in Q3, propelled by high IBIT activity. More details here: watcher Guru #Bitcoin#ETF#Finance#Investing#HowardLutnick#Commerce#InstitutionalInvesting#IBIT#Crypto#AUM#USA#ProBitcoin#MarketTrends#InvestorInterest#Q42024#WallStreet#CryptoNews#Regulations#DigitalAssets#VC