Key Takeaways
- Trump nominates Bitcoin advocate Pete Hegseth as Secretary of Defense.
- Hegseth praised Trump's approach, saying he's 'making Bitcoin great again.'
- Senator Elizabeth Warren opposes Hegseth's nomination, questioning his qualifications.
President-elect Donald Trump has nominated Pete Hegseth, an outspoken advocate for Bitcoin and army veteran, as Secretary of Defense.
Known for his role on Fox & Friends Weekend and his pro-Bitcoin stance, Hegseth praised Trump’s Bitcoin-friendly policies, saying on Monday that Trump is:
Making Bitcoin great again
Hegseth claims Trump is making Bitcoin great again by signaling reduced regulatory pressure on the industry.
Following Trump’s recent election win, Bitcoin surged above $80,000, further fueled by the anticipated pro-Bitcoin regulatory environment.
Military background
Hegseth’s military credentials include service in Iraq, Afghanistan, and Guantanamo Bay, earning him two Bronze Stars and a Combat Infantryman’s Badge.
Trump highlighted Hegseth’s dedication, stating:
Pete is tough, smart, and a true believer in America First… Our Military will be Great Again.
Despite his experience, Hegseth’s nomination requires Senate approval, where opposition could present challenges.
Elizabeth Warren criticizes the nomination
Senator Elizabeth Warren, an outspoken critic of Bitcoin, opposed the nomination, stating:
A Fox & Friends Weekend co-host is not qualified to be the Secretary of Defense.
She expressed concern over Hegseth’s qualifications and Trump’s broader government efficiency agenda.
Supporters, however, defend Hegseth’s military record as a strong foundation for the role.
