Original title: (Review of potential cabinet members for Trump: Who are the crypto-friendly individuals?)
Original author: 0xjs, Golden Finance
As Trump swept Harris to become the latest president of the United States, attention has turned to the cabinet list in the post-election era.
Trump's 'America First' policy requires the right talents in trade, economy, diplomacy, border management, and other areas to implement it according to Trump's expectations.
This article reviews the expected members of Trump's cabinet, including Dan Gallagher, who is likely to be appointed SEC Chairman, Scott Bessent as Secretary of the Treasury, Senator Marco Rubio as Secretary of State, and Congressman Mike Waltz as National Security Advisor.
Below are some of the people Trump is selecting or preparing to select, starting with crypto-related candidates followed by general officials.
U.S. Secretary of Defense Pete Hegseth, nominated
Donald Trump announced on Tuesday (November 12) the nomination of Fox News host and combat veteran Pete Hegseth as the United States Secretary of Defense.
President Trump said in a statement: 'Pete is tough, smart, and a true believer in America First. Under Pete's leadership, America's enemies should beware—our military will be great again, and America will never back down... Pete will be a brave and patriotic advocate for our 'peace through strength' policy.'
The statement mentioned that Hegseth graduated from Princeton University and earned a graduate degree from Harvard University. He is a combat veteran who has served in Guantanamo Bay, Iraq, and Afghanistan, awarded two Bronze Stars and a Combat Infantry Badge for his battlefield actions. The statement also noted that Hegseth 'hosted at Fox News for eight years, utilizing that platform to fight for our troops and veterans.' Trump's statement also noted that his bestseller (The War on Warriors) revealed the 'betrayal of our warriors by the left.' Hegseth also led two veterans advocacy organizations.
Hegseth upholds the value of Bitcoin's decentralization and promises not to sell Bitcoin.
D.O.G.E. head Musk, confirmed
In August 2024, Musk tweeted that he would be responsible for managing a U.S. government office called the Department of Government Efficiency (DOGE) during Trump's second term, aimed at streamlining government spending, simplifying administrative processes, and improving the efficiency of taxpayer funds. Subsequently, Musk has repeatedly stated at Trump campaign rallies that he will cut $2 trillion from U.S. government spending.
As the biggest contributor to Trump's successful 2024 presidential campaign, recent reports indicate that Musk has been deeply involved in Trump's decision-making, such as seamlessly connecting with the Ukrainian president during a phone call with Trump. Musk entered the Trump family group photo even earlier than Ivanka.
On November 13, Musk posted an image featuring a Shiba Inu and the words DOGE (Department of Government Efficiency). He stated that all actions of the Department of Government Efficiency will be made public online to achieve maximum transparency. If the public believes we have cut important things or have not cut certain wasteful expenditures, please let us know! We will also list the dumbest taxpayer spending rankings. It's both a tragedy and entertainment.
U.S. SEC Chairman Dan Gallagher, expected
Dan Gallagher
Trump has promised to fire the current SEC Chairman Gary Gensler on the first day of his presidency and appoint a new chairman, while immediately establishing a presidential advisory committee on Bitcoin and cryptocurrencies to design transparent regulatory guidance for the entire industry, which will be completed within 100 days.
Currently, Robinhood's Chief Legal Officer and former SEC Commissioner Dan Gallagher is a popular candidate for SEC Chairman. Gallagher's career began as a summer intern at the SEC, becoming a commissioner in 2011, later moving to the private sector, and joining Robinhood in 2020. Since then, he has frequently appeared at industry events, sharing his views with Bain Capital's Tuongvy Le and Coinbase's Chief Legal Officer Paul Grewal.
Gallagher has consistently criticized the current SEC's enforcement actions against crypto companies, stating during a September hearing that federal 'regulatory uncertainty' is stifling America's crypto innovation, advocating for specialized regulation of digital assets. Gallagher has stated that he will work to reduce ongoing lawsuits against cryptocurrency companies and 'compile a fairly long list of items that need to be withdrawn.'
Secretary of the Treasury Scott Bessent, expected
Scott Bessent
The most likely candidate for Secretary of the Treasury is Scott Bessent. According to the Financial Times, Bessent is a hedge fund manager who served as an economic advisor to the former president and is widely regarded as the leading candidate for this position in Trump’s new administration. Bessent is the founder of Key Square Capital Management and became one of Trump's chief economic advisors in 2023, with Trump recently describing him as 'a top analyst on Wall Street.'
Scott Bessent is a strong supporter of cryptocurrencies, especially Bitcoin. Some of his recent statements include:
'I am excited about the President's acceptance of cryptocurrencies, I think it aligns very well with the Republican Party. Cryptocurrencies represent freedom, and the cryptocurrency economy will continue to exist. I believe Bitcoin is universal, and one of the most exciting things about Bitcoin is that it attracts young people and those who have never participated in the market before. Cultivating a market culture in America to make people believe in a system that works for them is at the core of capitalism.'
According to two sources close to the incoming U.S. president, Bessent has met with Trump.
When asked if he would join the Trump administration, he previously told CNBC: 'I will do anything as requested by President Trump.'
If confirmed by the Senate, Bessent will hold one of the most powerful positions in the Trump administration.
CIA Director John Ratcliffe, nominated
Ratcliffe was a Republican Congressman from Texas and served as the Director of National Intelligence during the last year and a half of Trump's first term, leading the U.S. intelligence community during the COVID-19 pandemic.
Trump stated in a press release: 'I look forward to John becoming the first person in our country to have served in both of the highest intelligence positions. He will be a fearless warrior fighting for the constitutional rights of all Americans while ensuring the highest level of national security and achieving peace through strength.'
Ambassador to Israel Mike Huckabee, nominated
Trump announced the nomination of former Arkansas Governor Mike Huckabee as Ambassador to Israel.
Trump stated in a statement: 'Mike has been an incredible public servant, governor, and faith leader for many years.' Trump said in a statement: 'He loves Israel and the Israeli people, and likewise, the Israeli people love him. Mike will work tirelessly to achieve peace in the Middle East!'
Secretary of State Marco Rubio, expected
Marco Rubio
According to a Reuters report on November 11, sources say Trump is expected to appoint U.S. Senator Marco Rubio as Secretary of State. Rubio was once a competitor of Trump but later became one of his biggest supporters in the Senate. Rubio defended Trump's swift position to end Russia's war in Ukraine, calling for negotiations to compel Kyiv to abandon occupied territories.
National Security Advisor Mike Waltz, has invited
Mike Waltz
The Associated Press reported on November 12 that informed sources said Trump has invited U.S. Congressman, retired Army National Guard officer, and veteran Michael Waltz to serve as his National Security Advisor. Waltz is a Republican congressman from central Florida, serving his third term, and is the first 'Green Beret' member elected to the U.S. House of Representatives, easily winning re-election last week. He has served as the chairman of the House Military Readiness Subcommittee and is a member of the House Foreign Affairs Committee and the Permanent Select Committee on Intelligence. As the chairman of the House Military Committee's Readiness Subcommittee, he has criticized everything from teaching critical race theory in military institutions to providing the Air Force with overpriced metal sleeves. Waltz has written that he believes China poses a greater threat to the U.S. than any other country.
U.N. Ambassador Elise Stefanik, confirmed
Elise Stefanik
Trump described Stefanik as 'an extremely powerful, resilient, and smart fighter for America First.' Stefanik was one of the Republican House members who voted against certifying Joe Biden's victory over Trump in 2020 and the first House member to support his third presidential campaign.
Border Commissioner Tom Homan, confirmed
Tom Homan
On the evening of the 10th, Trump announced that Tom Homan, who served as acting director of Immigration and Customs Enforcement (ICE) during the previous administration, will be responsible for national border affairs. Trump wrote on Truth Social: 'I am pleased to announce that former U.S. ICE Director and border control veteran Tom Homan will join the Trump administration to manage our nation's borders (the 'Border Tsar'), including but not limited to the southern border, northern border, and all maritime and aviation security. No one is better at regulating and controlling our borders than him,' Homan 'will be responsible for deporting all illegal immigrants back to their home countries.'
Homan, a former police officer and former director of U.S. Immigration and Customs Enforcement (ICE), described the immigration issues at the U.S. border as 'the greatest national security vulnerability facing America since 9/11 that we must address.' In the summer of 2024, while speaking to America's illegal immigrants at the Republican National Convention, he said: 'You better start packing your bags now.'
White House Chief of Staff Susie Wiles, confirmed
Susie Wiles with Trump
She is leading Trump's 2024 campaign. She will become the first woman appointed as Chief of Staff and may help formulate Trump's strategy for the first 100 days in office.
Special Envoy for Middle East Affairs Steven Witkoff, nominated
Trump nominated longtime friend and real estate investor Steven Witkoff as Special Envoy for Middle East Affairs.
White House Legal Advisor Bill McGinley, nominated
Trump announced that Bill McGinley, who served as cabinet secretary during his first administration, will be the White House legal advisor.
Original link
