{"id":18577,"date":"2024-11-14T12:18:16","date_gmt":"2024-11-14T10:18:16","guid":{"rendered":"https:\/\/forklog.com\/en\/trump-nominates-bitcoin-advocate-for-defense-secretary\/"},"modified":"2024-11-14T12:18:16","modified_gmt":"2024-11-14T10:18:16","slug":"trump-nominates-bitcoin-advocate-for-defense-secretary","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/trump-nominates-bitcoin-advocate-for-defense-secretary\/","title":{"rendered":"Trump Nominates Bitcoin Advocate for Defense Secretary"},"content":{"rendered":"<p>Donald Trump has nominated Bitcoin supporter Pete Hegseth for the role of U.S. Secretary of Defense.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"zxx\" dir=\"ltr\"><a href=\"https:\/\/t.co\/jVxEwyJkzO\">pic.twitter.com\/jVxEwyJkzO<\/a><\/p>\n<p>\u2014 Donald J. Trump (@realDonaldTrump) <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/1856658367055310981?ref_src=twsrc%5Etfw\">November 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;I am honored to announce that I have nominated Pete Hegseth for the position of Secretary of Defense in my cabinet. Pete has been a warrior all his life, serving the troops and the country. Pete is tough, smart, and genuinely believes in putting America first. With Pete at the helm, America&#8217;s enemies will be warned \u2014 our military will be great again, and the country will never back down,&#8221; stated the former and future U.S. President.<\/p>\n<\/blockquote>\n<p>Recently, the veteran has expressed support for the crypto industry. In April, he <a href=\"https:\/\/www.foxbusiness.com\/video\/6249420394001\">emphasized<\/a> the value of Bitcoin in the absence of government control.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">America&#8217;s New Defense Secretary* Pete Hegseth: <\/p>\n<p>&#8220;Crypto has arrived. Bitcoin is not a person, it&#8217;s not a company, it&#8217;s not a place. It&#8217;s tougher to stop that you would think. And that finite supply in a world of printing money, is very very powerful.&#8221;<\/p>\n<p>*pending confirmation<\/p>\n<p>\u2014 matthew sigel, recovering CFA (@matthew_sigel) <a href=\"https:\/\/twitter.com\/matthew_sigel\/status\/1856672003534598365?ref_src=twsrc%5Etfw\">November 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Cryptocurrency is already here. Bitcoin is not a person, company, or place. It&#8217;s harder to stop than you think. And that limited supply in a world where money is printed is very powerful,&#8221; quoted VanEck&#8217;s Head of Digital Asset Research, Matthew Sigel, on Hegseth&#8217;s words.<\/p>\n<\/blockquote>\n<p>Following Trump&#8217;s victory in the presidential election, Hegseth <a href=\"https:\/\/www.foxbusiness.com\/video\/6364547706112\">stated<\/a> that the Republican is &#8220;making Bitcoin great again.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;All that needed to be done was to signal to this market that it would not be over-regulated. Trump accepted them,&#8221; he said.<\/p>\n<\/blockquote>\n<p>Hegseth will require Senate confirmation to assume the position. Cryptocurrency opponent Elizabeth Warren, who chairs the Armed Services Committee, <a href=\"https:\/\/x.com\/SenWarren\/status\/1856502912551158049\">criticized<\/a> Trump&#8217;s decision, arguing that his choice should be rejected.<\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">November 14, 2024 | 14:44<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>For the position of U.S. Attorney General, Trump <a href=\"https:\/\/t.me\/forklog\/40844\" title=\"\">selected<\/a> Matt Gaetz \u2014 a proponent of Bitcoin and cryptocurrencies who advocates for industry deregulation.<\/p>\n<p>In June, Gaetz <a href=\"https:\/\/u1f987.com\/en\/news\/us-congressman-proposes-bitcoin-tax-payment-legislation\">introduced<\/a> a bill that would allow federal income tax payments using Bitcoin.<\/p>\n<\/div>\n<h2 class=\"wp-block-heading\"><strong>Republicans in Control<\/strong><\/h2>\n<p>Republicans have retained control of the U.S. House of Representatives, according to <a href=\"https:\/\/apnews.com\/projects\/election-results-2024\/?office=H\">Associated Press<\/a> data. They secured 218 seats compared to the Democrats&#8217; 208.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXcnkRUnzaOokeNGbvXykZ4yjQ0EAy_y8jpVF6POJjA0v4-D1pkNtJdfgog6YaiDNxgeoi5n96XOvp6i0knyiqknuBgOZ-X9wGycSvw__ZAw2-dF8GL935YRKIQk7Zmdvr7A1OKIag?key=o6e9NcnhCVOAyFI9siywbi7n\" alt=\"Trump Nominates Bitcoin Advocate for Defense Secretary\"\/><figcaption class=\"wp-element-caption\">Distribution of Republicans and Democrats in the House of Representatives. Data: Associated Press.<\/figcaption><\/figure>\n<p>This allows a Republican to lead the House Financial Services Committee \u2014 the group overseeing the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span>, <span data-descr=\"Federal Reserve System\" class=\"old_tooltip\">Fed<\/span>, and other federal agencies. Current Chairman Patrick McHenry is set to step down in January 2025, opening the position for a new leader.<\/p>\n<p>Candidates for the chairmanship include French Hill, Andy Barr, Bill Huizenga, and Frank Lucas \u2014 all of whom are crypto-friendly.<\/p>\n<p>Trump is considering appointing candidates who support digital assets to key government positions. His advisors are consulting with crypto company leaders regarding potential changes in federal policy.<\/p>\n<p>He appointed Elon Musk and former U.S. presidential candidate Vivek Ramaswamy to manage the new Department of Government Efficiency (DOGE) within the U.S. government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump has nominated Bitcoin supporter Pete Hegseth for the role of U.S. Secretary of Defense. pic.twitter.com\/jVxEwyJkzO \u2014 Donald J. Trump (@realDonaldTrump) November 13, 2024 &#8220;I am honored to announce that I have nominated Pete Hegseth for the position of Secretary of Defense in my cabinet. Pete has been a warrior all his life, serving [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[991,36,26],"class_list":["post-18577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-donald-trump","tag-regulation","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18577"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18576"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}