Donald Trump

Bitcoin

U.S. President-elect Donald Trump has nominated Representative Matt Gaetz for Attorney General, announced on Nov. 13.
Following this, Gaetz stated he would resign from Congress “effective immediately,” ending his role in the House of Representatives.
This decision halts an ongoing House Ethics Committee investigation into allegations against Gaetz, initiated in 2021, which looked into claims of sexual misconduct and drug use.
Gaetz has previously shown interest in crypto policy.
On June 25, he introduced a bill mandating the Internal Revenue Service to accept Bitcoin payments for federal income taxes, a move inspired by his visit to El Salvador during President Nayib Bukele’s inauguration.
Gaetz claimed he aimed to “modernize” the U.S. tax system with this proposal.
Trump’s selection of Gaetz could influence the cryptocurrency industry, as Gaetz is expected to advocate for regulations that balance innovation in digital assets with appropriate oversight.
In a Nov. 13 post on X, Trump expressed his support for Gaetz’s congressional efforts, particularly regarding “desperately needed reform at the Department of Justice.”
Representing Florida’s 1st Congressional District, Gaetz has been an active member of the House Judiciary Committee, focusing on oversight of federal agencies, especially the DOJ.
As Attorney General, Gaetz is anticipated to tackle what he and other conservatives see as “government weaponization” within federal institutions, a topic he has previously highlighted.

US President-Elect Donald Trump Nominates Pro-Crypto Matt Gaetz for Attorney General

Crypto Intelligence

Other articles published on Nov 14, 2024

Cardano Foundation Reveals $478M in Assets, BTC Holdings Surge Amid Market Rise

FIO Handle Resolution is Now Supported by MetaMask

Early Solana investors who made $150m on SOL rise now bet big on CYBRO

OpenSea Unveils Major Upgrade to NFT Marketplace, Set to Launch in December

Will Trump or Harris Propel BTC to New Heights?

Litecoin Declares Itself a “Memecoin”: Price and Volume Surge

Join our free newsletter for daily crypto updates!