Senate Commerce Committee chair Ted Cruz said Lutnick will focus on issues including expanding commercial access to wireless spectrum and "will ensure American taxpayer dollars are spent efficiently and that Congress gets ‘the benefit of the bargain’ on legislation like the CHIPS and Science Act."

US Commerce Secretary Howard Lutnick has named his two eldest sons and three company deputies to run the core of his business group after his Senate confirmation Tuesday and resignation from Cantor Fitzgerald LP.

Howard Lutnick says he holds hundreds of millions in crypto and was one of the top donors to Donald Trumo's campaign. Cantor Fitzgerald recently invested