Bitcoin Advocate RFK Jr. Nominated for HHS Secretary by Trump
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US President-elect Donald Trump has nominated RFK Jr as HHS Secretary. The incoming administration now has pro-Bitcoin leaders heading top government agencies. The Bitcoin ecosystem has taken a new political shift in the United States following President-elect Donald Trump’s latest nomination. According to reports, Trump nominated Bitcoin proponent Robert F. Kennedy (RFK) Jr. as Secretary of Health and Human Services (HHS). What Does RFK Jr. Nomination Mean For Crypto Kennedy’s nomination suggests a possible shift toward a more crypto-friendly regulatory environment. During his election campaign rally, Trump reaffirmed his support for crypto, even pledging to make the US a global crypto hub. As noted in a CNF report shortly after his election, Trump disclosed plans to establish a US strategic Bitcoin Reserve. Like Donald Trump, RFK Jr has consistently pledged his support for Bitcoin and crypto. He is among US lawmakers advocating for Bitcoin strategic reserve to enhance the stability of the U.S. dollar. He also submitted a proposal to exempt Bitcoin capital gains tax and a financial policy to the US that involves acquiring $619 billion worth of Bitcoin. Kennedy envisions a future in which Bitcoin is recognized as a decentralized currency that promotes financial autonomy and privacy. He holds large investments in Bitcoin, emphasizing his commitment to the digital asset ecosystem. As CNF mentioned, RFK’s family possesses Bitcoin holdings valued between $100,001 and $250,000 in a brokerage account as of June 30, 2023. Other prominent crypto advocates on Trump’s team include Vice President-elect JD Vance and Secretary of Defense nominee Pete Hegseth. Their inclusion gives US crypto participants hope for a brighter future in the crypto space. They are optimistic that Trump’s administration will create clear crypto policies to guide the market. Additionally, tech billionaire Elon Musk and Vivek Ramaswamy will lead the new Department of Government Efficiency…
Filed under: News - @ November 15, 2024 11:21 pm