President-elect Trump has officially nominated more than 20 cabinet members. Although they are still awaiting Senate approval, they are likely to be approved given that the Republicans hold a majority in the Senate.
It is worth noting that many of the Trump 2.0 cabinet and recently announced senior officials are cryptocurrency supporters, and some even hold Bitcoin, which has attracted widespread attention in the market and is seen as a major turning point in the US cryptocurrency field, or the beginning of a new era of regulation and policy.
In the new cabinet, in addition to Trump, Vice Presidential nominee J.D. Vance is a staunch crypto advocate in Congress and has disclosed that he holds Bitcoin; Treasury Secretary Scott Bessant publicly supports cryptocurrencies, advocates reducing digital asset regulation and building a national strategic reserve of Bitcoin; Commerce Secretary Howard Lutnick, a well-known bond trading expert on Wall Street, holds hundreds of millions of Bitcoins and is deeply involved in Tether debt management. His joining will enhance the cabinet's professionalism and credibility in the crypto field.
It can be seen that these "crypto-friendly people" are keen on cryptocurrencies and have investment backgrounds, which indicates that future US policies may be more favorable to the industry, promote clearer and friendlier supervision, and help innovation and growth. The cabinet is also called the "cryptocurrency national team" by the market.