Pro-bitcoin Matt Gaetz nominated as U.S. Attorney General

Florida Representatives and American attorney Matt Gaetz have been nominated as Attorney General by President-elect Donald Trump. Gaetz was appointed because of his education and career experience in the legal field.

President-elect Donald Trump has nominated Bitcoin supporter and Florida representative Matt Gaetsz as the next US Attorney General.

Following this nomination, he resigned from the House of Representatives on November 13, 2024.

According to the Nov. 13 post, Trump praised Gaetz as a determined lawyer committed to achieving much-needed reform of the Justice Department.

Gaetz expects to prioritize ending the weaponized government, strengthening border security, dismantling criminal organizations, and uncovering the government’s potential for corruption and weaponization.

“He is a defender of the constitution and the rule of law. “Matt Gaetz will root out systemic corruption at the Department of Justice and return the department to its true mission of fighting crime and defending our democracy and constitution.”

Elon Musk, who was recently appointed head of the Department of Government Efficiency (DOGE), responded to post X and congratulated Gaetz on his new role.

Matt Gaetz’s stance on crypto

Earlier this year, on June 25, as a member of Congress, Gaetz introduced a bill advocating for Bitcoin to be accepted as federal income tax payment for Americans. The bill was proposed after a visit to El Salvador and aimed to modernize the US tax system.

The aggressive move by “will spur innovation, increase efficiency, and offer American citizens greater flexibility.”

The proposal seeks to amend the Internal Revenue Code of 1986 to accept Bitcoin for tax payment and expand that payment option to other federal services.

Gaetz has also advocated for various crypto deregulations and opposed federal agency oversight. He argues that the measure will stifle innovation and growth.

His appointment as attorney general highlights potential approaches to law enforcement and looser regulations in the crypto industry under the Trump presidency.