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Donald Trump Picks Bitcoin Enthusiast Matt Gaetz as Attorney General

Donald Trump Picks Bitcoin Enthusiast Matt Gaetz as Attorney General

HappyCoinNews2024/11/15 13:11
By: HappyCoinNews
BTC+0.45%

Donald Trump I decided appoint Florida Congressman Matt Gaetz, an ardent Bitcoin supporter, as the new U.S. attorney general.

Trump stressed that the new attorney general will root out systemic corruption in the Justice Department and return the department to its true mission, which is to fight crime and defend democracy and the Constitution.

Getz has previously advocated for deregulation of the cryptocurrency industry, speaking out against federal authorities overstepping their authority in the crypto market.

Over the summer, Matt Gaetz introduced a bill that would allow Americans to pay their federal taxes using Bitcoin. The bill aims to amend the 1986 Internal Revenue Code to allow the IRS to accept Bitcoin for tax payments and contract for related services.

Trump's allies in the Senate are pushing for a quick confirmation of the new attorney general, saying Gaetz's reform agenda is essential to overhauling the Justice Department's approach to regulating cryptocurrencies.

Gaetz's nomination comes after Republicans' electoral success, with pro-cryptocurrency candidates winning majorities in both the House and Senate.

But his nomination was met with surprise in a closed-door meeting of House Republicans, with several senators expressing skepticism about his suitability for the job due to his lack of legal experience.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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