GM Explorer,

Big changes are coming to U.S. leadership! Discover how Trump’s pick for Commerce Secretary, Howard Lutnick, could shake up finance, business policies, and the crypto sector.

Here’s what we got for you today:

• 🧑‍💼 Trump’s pick for commerce secretary!

• 🔎 Market Insight

• 🧱 Around The Block: Litecoin rebrands as 'Memecoin' in sassy social media comeback.

🧑‍💼 Trump’s Pick for Commerce Secretary!

President-elect Donald Trump has chosen Howard Lutnick as his nominee for Commerce Secretary.

If confirmed by the Senate, Lutnick will lead the Commerce Department.

This means he will oversee a vast agency that manages everything from trade restrictions to computer chip factory funding, economic data, and weather monitoring.

Clearly, this is a large position with many responsibilities, and it also requires strong ties to business leaders.

So, who exactly is this man stepping into such a pivotal role? Let’s take a closer look!

Howard Lutnick, a dynamic force on Wall Street for over 30 years, heads the brokerage and investment bank Cantor Fitzgerald.

But more interestingly, he had some ties to Trump before now.

He’s a co-chair of Trump's transition team and has appeared on Trump's show, The Apprentice.

Plus, he’s a major backer of Trump's tariff plan!

If you recall, Trump proposed tariffs on imports during his campaign, including a staggering 60% tariff on goods imported from China and up to 20% on other imports.

According to Trump, this plan will enhance trade deals and bolster revenues for tax cuts.

Well, Lutnick buys into this plan, stating in a CNBC interview that “Tariffs are an amazing tool for the president to use — we need to protect the American worker."

Aside from supporting Trump, Lutnick also expressed his support for the crypto industry, especially Tether.

He also compares Bitcoin to gold, advocating that it be traded the same as gold everywhere in the world without exception or limitation.

Another interesting detail is that influential figures like Elon Musk encouraged Trump to select Lutnick over Scott Bessent for this position.

Musk even took to social media to emphasize that Bessent represents a "business-as-usual choice," while Lutnick will actually enact change.

Lutnick’s resilience is equally notable!

In Trump’s announcement, he praised Lutnick’s experience and strength after the tragic events of September 11th, when he lost his brother along with 658 Cantor Fitzgerald employees.

And described him as the "embodiment of resilience in the face of unspeakable tragedy."

Lutnick accepted this nomination and even thanked Trump via a post on X for trusting him to help Make America Great Again.

However, the Senate will review his nomination when Congress reconvenes on January 3, 2025.

Until then, all eyes will be on this potential game-changer for the Commerce Department! 👀

Read the full story here.

🔎 Market Insight

We're seeing so many frantic mistakes being made right now.

We completely understand the impulse to change positions that you've held for months or even a year just because you think you might be missing out. However, this often results in what is known as a ‘chase for liquidity’—essentially, you’re setting yourself up to become exit liquidity.

You made those investment decisions for a reason.

Remember your “why,”

…and if you really feel like you have to sell your position.

Go take a cold shower, and then watch the video below:

🧱 Around The Block

• Litecoin rebranded itself as 'Memecoin' in a sassy social media comeback.

• MicroStrategy buys nearly 80,000 BTC in November, outpacing US Bitcoin ETF purchases.

• Bitcoin (BTC) charts a new all-time high close to $94K as the bull rally resumes.

• Michael Saylor will present a Bitcoin investment pitch to the Microsoft board amid ongoing discussions on corporate cash management.

• Coinbase CEO advocates ending individual income tax entirely, shifting the burden to businesses.

• MicroStrategy MSTR shot up by 450% YTD as Wall Street investors grab up shares.

• BlackRock's head of digital assets says IBIT Spot Bitcoin ETF Options have blown past 1 billion in trading volume.

That's all we've got for you today.

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Catch you soon.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.