Trump Nominates Matt Gaetz as Attorney General: What This Means for Crypto

On November 13, President-elect Donald Trump announced that he had nominated Representative Matt Gaetz for Attorney General. Gaetz, a strong supporter of Bitcoin, immediately resigned from Congress, ending an investigation into accusations of misconduct that had been ongoing since 2021.

Gaetz’s Support for Crypto

Matt Gaetz is known for his pro-Bitcoin stance. In 2021, he introduced a bill that would require the IRS to accept Bitcoin for tax payments—a move inspired by his visit to El Salvador, which made Bitcoin legal tender. With his nomination, Gaetz could play a major role in shaping U.S. policy on cryptocurrency, potentially encouraging more innovation while making sure there’s appropriate regulation in place.

Impact on Crypto Regulation

As a member of the House Judiciary Committee, Gaetz has been a vocal advocate for reforming federal agencies. Given his support for digital currencies, he may push the Department of Justice to take a more forward-thinking approach to cryptocurrency, helping the U.S. remain competitive in the growing digital economy.

Gaetz’s Past Efforts on Financial Regulation

Gaetz has also worked on financial regulation. He co-sponsored the Bipartisan Restoring Faith in Government Act, a bill aimed at restricting members of Congress from owning or trading certain financial assets. If confirmed as Attorney General, Gaetz may prioritize crypto regulation as part of his broader agenda.