president-elect Donald Trump has Rep. Matt Gaetz (R-Fla.) as a candidate for attorney general under the new administration.
Gaetz is a controversial figure and is known for pushing radical proposals in favor of cryptocurrencies in particular Bitcoin (CRYPTO:BTC).
Don’t miss:
What happened: Earlier in June, he introduced a bill that would allow federal income tax payments to be made in the top cryptocurrency.
Gaetz had said the intent behind the bill’s proposal was to promote innovation, increase efficiency and provide more flexibility to American citizens.
Trending: This Adobe-backed AI marketing startup went from a $5 to $85 million valuation in just three years, working with brands like L’Oréal, Hasbro, and Sweetgreen – Here’s how there’s a limited time opportunity to invest $1,000 for just $0.50/share before the closing date.
The main provisions of the proposed law include the rapid conversion of received Bitcoin to the dollar equivalent at the end of the transaction, ensuring stability and practicality upon its adoption.
Gaetz has also spoken highly of El Salvador’s pro-Bitcoin president By Nayib Bukele policy, linking the country’s quest for financial freedom to its most important digital asset.
Trending: 1 in 4 Americans Own a Bitcoin Stock According to NASDAQ – this platform offers returns of up to 12.5% APY and gives $100 in welcome rewards if you sign up today.
The GOP nominee even co-sponsored a bill aimed at abolishing the Federal Reserve, a classic libertarian, cypherpunk position shared by cryptocurrency maximalists.
Why it’s important: Gaetz’s appointment comes as the congressman is under investigation by the House Ethics Committee for sexual misconduct.
See also: If you had invested $100 in DOGE when Elon Musk first tweeted about it in 2019, here is how much you would have today.
Allegations against the Trump loyalist include sexual misconduct, illegal drug use, accepting inappropriate gifts and more. Gaetz has denied the allegations.
