Howard Lutnick, a billionaire banker poised to run the Department of Commerce, has deep ties to the crypto industry. But he hasn't committed to recusing himself from Donald Trump's crypto task force that will develop policies on digital assets.

Commerce Secretary nominee Howard Lutnick defended Tether in a Senate hearing, arguing AI will "rid the world of criminals" using blockchain.

A U.S. Senate committee voted on Wednesday to advance President Donald Trump's nominee Howard Lutnick, billionaire chairman and CEO of Wall Street firm Cantor Fitzgerald, to run the Commerce Department.

The Senate Commerce Committee moved to advance the nomination of billionaire banker Howard Lutnick to lead the Commerce Department to the Senate floor on Wednesday.

Senators on Wednesday advanced the nominations of Howard Lutnick and Kelly Loeffler — President Trump’s picks to head the Commerce Department and the Small Business Administration (SBA), respectively.