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.

Howard Lutnick, the billionaire CEO of Cantor Fitzgerald, is officially the US Commerce Secretary after a 16-12 Senate Commerce Committee vote on Wednesday. Known for his deep ties to crypto and Wall Street,

The Senate Commerce Committee on Wednesday advanced Howard Lutnick's nomination to be Commerce Department secretary. ]The big picture: Senators voted 16-12. Lutnick's nomination now goes to the full Senate for a vote.