On November 13, US President-elect Donald Trump nominated Representative Matt Gaetz for Attorney General, prompting his immediate resignation from Congress.
Trump's Support
In a November 13 X post, Trump praised Gaetz’s work in Congress, noting his dedication to reforming the Department of Justice.
Focus on Cryptocurrency
Gaetz has been a vocal supporter of cryptocurrency in Congress, pushing for its integration into financial systems. He argues the US should learn from countries like El Salvador, which adopted Bitcoin as legal tender.
Congressional Ban Proposal
Gaetz previously backed crypto-supportive regulation, including the Financial Innovation and Technology for the 21st Century Act. In May, he co-introduced a bill proposing a ban on congressional members owning and trading certain assets.
Gaetz's appointment as Attorney General could affect the US crypto industry, given his prior support for digital assets and his intent to modernize the US tax system.
