Trump Picks Matt Gaetz as Attorney General Amid Pro-Bitcoin Agenda

By: Eva Baxter

In a significant move highlighting a pro-crypto agenda, U.S. President-elect Donald Trump has nominated Florida Congressman Matt Gaetz to serve as Attorney General. Known for his favorable stance on Bitcoin and cryptocurrency, Gaetz’s nomination signals an increased focus on digital assets in Trump's upcoming administration. Gaetz has established himself as a figurehead in promoting cryptocurrency initiatives, notably pushing for legislative changes that would allow American citizens to pay federal taxes in Bitcoin. His prior efforts in Congress include backing the Financial Innovation and Technology for the 21st Century (FIT21) Act, which aims to foster a more supportive regulatory environment for cryptocurrencies.

Trump’s announcement emphasized Gaetz’s commitment to dismantling government weaponization, securing borders, and restoring public trust in the Justice Department, despite mixed reactions from GOP lawmakers. Concerns were raised about Gaetz's confrontational approach and his involvement in past controversies, including a federal investigation and a House ethics review. Nevertheless, Trump views Gaetz’s exposure of government overreach during his tenure on the House Judiciary Committee as a compelling reason for his selection. Speaking on Gaetz's previous work, Trump remarked that Gaetz was instrumental in debunking the "Russia Hoax" and championing the rule of law.

Gaetz's nomination is part of a larger trend within Trump's camp to integrate pro-crypto figures into key roles. He joins the ranks of other influential appointees such as Elon Musk and Vivek Ramaswamy, who were named directors of the newly proposed Department of Government Efficiency (DOGE). This pattern indicates a strategic direction towards promoting blockchain technology and cryptocurrency adoption. Gaetz publicly announced his resignation from Congress following his nomination and expressed his excitement for the new role.

A strong advocate for the adoption of Bitcoin, Gaetz has looked towards international examples of cryptocurrency usage, notably praising Bitcoin-friendly nations like El Salvador for their innovative policies. He even led a Congressional delegation to meet with El Salvado's President, Nayib Bukele, to discuss the country’s Bitcoin initiatives. Despite his consistent support for crypto-related legislation, digital assets have not been the centerpiece of his legislative efforts. However, with his new role, Gaetz is expected to further integrate cryptocurrency-friendly policies into the U.S. governmental framework, potentially reshaping the regulatory landscape for digital assets.