#cryptonews
President-elect Donald Trump is allegedly reconsidering whether pro-crypto U.S. Treasury secretary candidates Howard Lutnick and Scott Bessent could be right for the job following internal conflict over the role, according to a November 17 The New York Times report.
Speaking with an anonymous source, The New York Times alleges that Lutnick has rubbed Trump the wrong way by over-campaigning for the role in a bid to be chosen over Bessent.
The newspaper reported that Trump is reportedly backing away from the Cantor Fitzgerald CEO and Key Square Capital Management founder following increased frustrations over who could take the coveted cabinet post.
Warsh has written in defense of a Central Bank Digital Currency (CBDC). At the same time, Rowan claimed in an interview earlier this year that he did not see the “value of an alternative currency” given anti-money laundering and know-your-customer provisions.
In response, the New York-born businessman is considering Federal Reserve governor Kevin Warsh and Wall Street billionaire Marc Rowan for the role, both of whom are notably less pro-crypto.
A source close to the situation further told the media outlet that the situation had devolved into a metaphorical “knife fight” between the two administration hopefuls, with Lutnick acting as the “primary aggressor.”
“Bitcoin is the currency of freedom, a hedge against inflation for middle class Americans, a remedy against the dollar’s downgrade from the world’s reserve currency, and the offramp from a ruinous national debt,” RFK Jr. said Sunday. “Bitcoin will have no stronger advocate than Howard Lutnik.”
However, it seems Lutnick may not be fully out of luck yet, with several Trump associates and incoming administration members endorsing him as Treasury secretary recently.