Howard Lutnick advances in Senate as Trump’s commerce nominee with crypto ties

Howard Lutnick, nominated by Trump for commerce secretary, has ties to the crypto industry but has not committed to recusing himself from a crypto task force. His firm, Cantor Fitzgerald, has a stake in Tether, a major stablecoin. Lutnick's nomination cleared a Senate committee and will go to the full Senate for a vote. He has agreed to divest from his business interests but has not confirmed if he will step back from the task force. If confirmed, Lutnick will need to recuse himself from matters involving 106 corporate entities, the highest number for any Trump cabinet member. Federal law restricts executive officials from actions that could benefit their financial interests.