Key Takeaways
- Bitcoin advocate Pete Hegseth has been nominated for Secretary of Defense by President-elect Trump.
- Hegseth, a Fox & Friends co-host and army veteran, supports Bitcoin and has publicly made his position on it clear.
President-elect Donald Trump has nominated Pete Hegseth, a Bitcoin advocate and Fox & Friends Weekend co-host, as Secretary of Defense.
Hegseth, an army veteran, is known for his strong support of Bitcoin due to its decentralized nature.
Trump's transition team announced the nomination, highlighting Hegseth's dedication to an 'America First' agenda and his extensive military experience.
Hegseth has previously advocated for Bitcoin as a hedge against inflation and praised its resilience to regulatory control.
Hegseth recently claimed that Trump is 'making bitcoin great again' by signaling a lighter regulatory approach to Bitcoin and crypto.
Hegseth has publicly shared his investment in Bitcoin, noting he 'did sell some' amid the price increase but retained a significant portion.
Like other high-level nominees, Hegseth's appointment requires Senate confirmation to assume the role officially.
[Original Article]
