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Here Is Who Among Trump’s Nominees Is Backing Bitcoin
As the inauguration of Donald Trump draws closer, a significant shift in the relationship between the government and the cryptocurrency sector is unfolding. This change becomes apparent as several individuals nominated by the former President have publicly expressed their support for Bitcoin and other cryptocurrencies.
Firstly, it’s essential to note that Pete Hegseth, Trump’s nominee for Secretary of Defense, has previously stated that he owns a substantial amount of Bitcoin. He emphasized his commitment to this investment in an interview with Fox Business. This financial disclosure reveals that Hegseth holds between $15,000 and $50,000 worth of the digital currency.
J.D. Vance, who was Trump’s running mate during the 2024 presidential election, is another notable figure who has spoken positively about Bitcoin. In a recent federal filing, he disclosed that he owns up to $500,000 in the cryptocurrency.
Furthermore, Paul Atkins, Trump’s pick to lead the Securities and Exchange Commission (SEC), has been a longtime advocate for blockchain technology and cryptocurrencies. Throughout his career, Atkins has actively promoted free market principles, which align with the values of many crypto enthusiasts.
Scott Bessent, chosen by Trump to serve as Treasury Secretary, is another prominent figure who supports Bitcoin. He disclosed that he owns up to $500,000 worth of Bitcoin through iShares Bitcoin Trust ETF (IBIT).
It’s also important to highlight the involvement and support from Eric Trump, who recently reaffirmed his father’s commitment to cryptocurrencies during an interview. He emphasized their potential to revitalize the US economy.
As well as these individuals, it is crucial to recognize that Donald Trump himself has been involved in the crypto space for a considerable amount of time. In 2024, he stated that he would like to utilize Bitcoin to address the national debt. It’s worth noting that his portfolio contains significant holdings of Ethereum (ETH), Bitcoin (BTC), various meme coins, and NFTs, which generated a substantial $7 million in licensing deals.
These developments signify a profound shift in the relationship between government officials and the cryptocurrency sector.
Source: zycrypto.com
