Trump Appoints Pro-Bitcoin Congressman Matt Gaetz as US Attorney General

In a surprise move, Donald Trump appoints Florida congressman and Bitcoin supporter Matt Gaetz as the next US Attorney General, signaling a pro-crypto agenda for his second term.

A Bold Appointment: Trump’s Pro-Crypto Attorney General

In a move that caught both supporters and critics off guard, former US President Donald Trump has appointed Florida congressman Matt Gaetz, a vocal advocate for Bitcoin and cryptocurrency, as the next Attorney General. This high-profile appointment marks a clear signal that Trump’s second term will prioritize a pro-crypto agenda, further aligning the administration with the burgeoning digital currency sector.

Trump, who has long maintained a tough stance on crime and corruption, praised Gaetz for his commitment to cleaning up the Justice Department. The former president emphasized that Gaetz would restore the department’s focus on its core mission of fighting crime while safeguarding democratic values and the Constitution.

A Strong Advocate for Bitcoin and Crypto Deregulation

Matt Gaetz has established himself as one of the most prominent supporters of Bitcoin in US politics. He has consistently advocated for minimal regulation of the crypto industry, frequently criticizing government agencies like the Securities and Exchange Commission (SEC) for what he sees as overreach in its attempts to regulate the market.

In June, Gaetz took a bold step by introducing a bill that would allow Americans to pay their taxes in Bitcoin, a proposal that was widely viewed as groundbreaking within the cryptocurrency community. This continued advocacy for cryptocurrency rights and deregulation is expected to play a significant role in shaping the future of the digital currency market under the next administration.

Market Reactions: Bitcoin Soars After Gaetz’s Appointment

The market responded swiftly and positively to the news of Gaetz’s appointment. Bitcoin surged to a new high of $93,477, reflecting investor optimism regarding the potential for a crypto-friendly environment under Trump’s leadership. For many in the cryptocurrency space, the mere prospect of having a pro-Bitcoin Attorney General is seen as a major victory, potentially setting the stage for more favorable policies that could bolster the market’s growth and legitimacy.

The Future of Crypto Under Trump and Gaetz

As Trump prepares for his second term, the appointment of Matt Gaetz as Attorney General marks a pivotal moment for the cryptocurrency industry. Gaetz’s influence within the Justice Department is expected to shape policy decisions related to crypto regulation, with potential moves to limit government intervention and foster a more open market.

For the crypto community, this appointment is more than just a political shift—it represents a hopeful turning point, where the industry could finally receive the support it needs to thrive without excessive governmental oversight. As Bitcoin continues to climb and public interest in digital currencies grows, the stage is set for an exciting new chapter in US economic policy.