Big news! Howard Lutnick, a businessman who likes cryptocurrency, is now the US Secretary of Commerce! He'll help make decisions about trade and business. He used to work at a company that helps Tether, a type of cryptocurrency that tries to stay the same price as a dollar (a stablecoin).
- Lutnick sold his shares in many companies, including some crypto ones.
- He supports President Trump's trade plans, including taxes on imports.
- He believes in Bitcoin because it's not controlled by one person or group.
| Fact | Number |
|---|---|
| Tether's value (in billions of dollars) | $141.7 |
| Number of days Lutnick has to sell his investments | 90 |
| Commerce Department Staff | 50,000 |
