{"id":48686,"date":"2025-08-22T11:52:14","date_gmt":"2025-08-22T08:52:14","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=48686"},"modified":"2025-08-22T11:52:14","modified_gmt":"2025-08-22T08:52:14","slug":"u-s-commerce-secretary-bitcoin-trump-tariffs","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/u-s-commerce-secretary-bitcoin-trump-tariffs\/","title":{"rendered":"U.S. Commerce Secretary Buys Bitcoin Amid Trump Tariffs!"},"content":{"rendered":"<p><span data-contrast=\"auto\"><strong>U.S. Commerce Secretary<\/strong> Howard Lutnick invested in Bitcoin funds as the Trump administration\u2019s unpredictable trade tariffs continued. Lutnick also purchased shares in companies directly affected by customs policies. <a href=\"https:\/\/coinengineer.net\/blog\/trump-tariffs-upheld-in-court-what-does-it-mean\/\"><strong>President Donald Trump\u2019s<\/strong><\/a> trade moves <strong>shook the markets<\/strong>, some officials inside the administration expanded their strategic investments.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">On Tuesday, the Trump administration extended the tariff delay on Chinese goods by <strong>90 days<\/strong>. At the same time, it imposed aluminum tariffs on more than 400 products, ranging from wind turbines to construction equipment. These decisions increased concerns among trade groups such as the National Foreign Trade Council <strong>(NFTC)<\/strong>, which stated that tariffs are delaying growth and disrupting operations.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/u-s-commerce-secretary-bitcoin-trump-tariffs\/#US_Commerce_Secretary_Invests_in_Bitcoin_Funds\" title=\"U.S. Commerce Secretary Invests in Bitcoin Funds\u00a0\">U.S. Commerce Secretary Invests in Bitcoin Funds\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/u-s-commerce-secretary-bitcoin-trump-tariffs\/#Conflict_of_Interest_Debates_in_the_Trump_Administration\" title=\"Conflict of Interest Debates in the Trump Administration\u00a0\">Conflict of Interest Debates in the Trump Administration\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"US_Commerce_Secretary_Invests_in_Bitcoin_Funds\"><\/span><span data-contrast=\"auto\">U.S. Commerce Secretary Invests in Bitcoin Funds<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">According to SEC filings cited by Sludge, Lutnick\u2019s firm Cantor Fitzgerald invested $120.7 million in the Fidelity Wise Origin<strong> Bitcoin Fund (FTBC)<\/strong>. He also allocated $116.8 million to Robinhood shares. In addition, Cantor took positions in <a href=\"https:\/\/coinengineer.net\/blog\/tesla-q2-2025-bitcoin-gain-ai-robotaxi-shift\/\"><strong>Tesla<\/strong><\/a>, AMD, and Alibaba. Analysts say these picks include investments both resilient to trade policies and potentially benefiting from tariffs.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">On July 8, Lutnick obtained a waiver allowing him exemption from conflicts of interest. This waiver enabled him to participate in decisions directly affecting Cantor Fitzgerald. Financial policy expert Bartlett Naylor described the case as a striking example of conflict of interest.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conflict_of_Interest_Debates_in_the_Trump_Administration\"><\/span><span data-contrast=\"auto\">Conflict of Interest Debates in the Trump Administration<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Similar cases emerged among Trump\u2019s close circle. Crypto and AI advisor David Sacks sold a $200 million crypto investment at the start of Trump\u2019s second term but soon received a waiver similar to Lutnick\u2019s. His venture capital firm, Craft Ventures, invested $22 million in U.S.-based AI company Vultron on July 11. This investment accelerated the firm\u2019s growth as it pursued federal contracts.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">U.S. Treasury Secretary <strong>Scott Bessent<\/strong>, meanwhile, claimed tariffs would bring $300 billion to the budget. However, economists disagreed, citing supply chain uncertainty. A Yale University report stated tariffs would raise prices by 1.8% in the short term, costing households $2,400 annually.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\"> <em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em>\u00a0\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Commerce Secretary Howard Lutnick invested in Bitcoin funds as the Trump administration\u2019s unpredictable trade tariffs continued. Lutnick also purchased shares in companies directly affected by customs policies. President Donald Trump\u2019s trade moves shook the markets, some officials inside the administration expanded their strategic investments.\u00a0 On Tuesday, the Trump administration extended the tariff delay on<\/p>\n","protected":false},"author":36,"featured_media":44707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[657,2],"tags":[22668,22664,22665,9610,14933,9160,22666,22667,12148,16738],"class_list":["post-48686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","category-news","tag-ai-venture-capital","tag-bitcoin-funds","tag-cantorf-fitzgerald","tag-commerce-secretary","tag-conflict-of-interest","tag-crypto-investments","tag-fidelity-bitcoin","tag-robinhood-shares","tag-trump-tariffs","tag-us-trade-policy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Commerce Secretary Buys Bitcoin Amid Trump Tariffs! 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