President-elect Donald Trump has chosen Matt Gaetz, a pro-crypto Florida Congressman, to serve as the next US Attorney General. This decision is seen as a sign that Trump’s second term will focus on supporting cryptocurrencies and blockchain technology. Gaetz is known for his strong support of Bitcoin, and his appointment indicates that Trump is determined to prioritize a pro-crypto agenda, despite potential divisions within his own party.
The market reacted positively to the news, with Bitcoin’s price reaching a record high of $93,477. However, Gaetz’s nomination has been met with skepticism from some Republicans, who are concerned about his readiness for the role and confrontational approach. Gaetz has previously advocated for deregulating the cryptocurrency industry and introduced legislation to allow Americans to pay federal taxes using Bitcoin.
Despite support from the crypto industry, Gaetz faces a difficult confirmation process. His past legal troubles and ethics review in the House could also hinder his prospects.
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