This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

President-elect Donald Trump has nominated a crypto supporter to lead the Department of Commerce. 

The Wall Street Journal (along with Punchbowl News founder Jake Sherman) reported Trump’s expected pick of Cantor Fitzgerald CEO Howard Lutnick for that job on Tuesday morning. Trump later confirmed the selection on Truth Social.

There were previous reports that Lutnick — a leader of Trump’s transition team — was in the running for treasury secretary. 

We highlighted Lutnick’s remarks on bitcoin in a September edition of this newsletter. At the time, the CEO noted that…

Read more on Blockworks