Trump’s Attorney General Pick Matt Gaetz Once Proposed Collecting Federal Income Taxes In Bitcoin, Apart From Co-sponsoring Bill To Abolish The Fed
Posted On November 14, 2024
President-elect Donald Trump has picked Rep. Matt Gaetz (R-Fla.) as the nominee for attorney general under the incoming administration.
A controversial figure, Gaetz has been known for pushing radical proposals in favor of cryptocurrencies, especially Bitcoin (CRYPTO: BTC).
What happened: Earlier in June, he introduced a bill that would allow federal income tax payments to be made in the apex cryptocurrency.
Gaetz had said that the intention behind proposing the bill was to promote innovation, increase efficiency, and offer more flexibility to American citizens.
Key provisions of the proposed law included the rapid conversion of received Bitcoin to its dollar equivalent at …
About The Author
