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

Solana Killer? CYBRO’s Growth Potential Has Experts Predicting 10,000% Gains

Bitcoin Hits New All-Time High: Price Blasts Past $93K as U.S. Demand Kicks In

Irish authorities seize $3.4m in crypto linked to Chinese ‘pig butchering’ scams

DeFi Technologies Launches SolFi: The "MicroStrategy for Solana"

BlackRock’s Tokenized Fund BUIDL Now Available on Aptos, Arbitrum, and More Blockchains

Bizarre XRP Price Candle: What's Happening?

Join our free newsletter for daily crypto updates!