Trump Appoints A Pro-Bitcoin Person To Head The Department Of Justice

President Trump continues to surprise by expanding his team with unconventional figures. After Elon Musk to improve the administration’s efficiency, he appoints a fervent supporter of Bitcoin as Attorney General. The choice of Matt Gaetz, known for his support of crypto, signals a spectacular shift in the economic and judicial policy of the United States, at the risk of deepening political fractures.

Gaetz, Trump’s “Pro-Bitcoin”, at the Heart of the DoJ

Matt Gaetz, representative from Florida and staunch defender of cryptos, was chosen by a betting Trump on bitcoin to hold the position of Attorney General. His commitment to cryptos has already made an impact, as he has, for example, submitted a bill to allow American citizens to pay their taxes in Bitcoin.

It will be an honor to serve as President Trump’s Attorney General! pic.twitter.com/dg0iQ0bA6Y

— Matt Gaetz (@mattgaetz) November 13, 2024

Gaetz believes that federal agencies, such as the SEC, exert excessive control over the crypto sector, and he has made the fight against this “over-regulation” his battle horse.

By appointing him, Trump sends a strong message to the crypto community, determined to transform the United States into a fertile ground for financial innovations. A quote from Trump supports this bold choice: “Gaetz will root out systemic corruption within the DOJ“.

In response to this nomination, the price of Bitcoin surged, reaching a historic high of $93,477, thus marking the euphoria of investors.

In summary, this “pro-Bitcoin” shift at the top of the State could bring:

• A lighter regulation for crypto businesses;
• A possible reform of tax laws to accept Bitcoin;
• Increased protection for cryptocurrency users.

United States: A Controversial Choice that Divides the Political Landscape

Gaetz’s nomination has caused an uproar within political circles, particularly among Republicans, where some remain doubtful about his qualifications for the position. Known for his divisive stances and legal troubles – which include investigations into allegations of sex trafficking, ultimately dropped – his detractors question his ability to handle the role of Attorney General.

NEW: Matt Gaetz leads a delegation of 🇺🇸 Congressmen to meet President Bukele in 🇸🇻 El Salvador 👀

pic.twitter.com/Li9QQuEReF

— Bitcoin News (@BitcoinNewsCom) July 20, 2024

In a recent closed-door meeting, several Republican senators expressed their concerns, fearing his lack of experience in law and his direct style might heighten tensions within the justice system.

Nevertheless, Trump remains supported by a majority of political allies who see in this nomination a unique opportunity to boost the digital economy. Gaetz’s choice reflects the ambition to transform the Department of Justice into a spearhead for crypto reforms, and to create an environment conducive to the rise of BTC, even if this must further divide the Republican Party.

A Senate confirmation, however, is not guaranteed, as the number of supportive votes remains uncertain.

Thus, Trump reaffirms his ambition to make the United States the global center for Bitcoin. True to his campaign promises, he plans to free the crypto-assets sector as soon as he takes office by ousting Gary Gensler from the SEC.