On November 15, COINOTAG reported significant developments in the intersection of cryptocurrency and U.S. politics. President-elect Trump’s nomination of Bitcoin proponent Robert Kennedy Jr. as the Secretary of Health and Human Services (HHS) signals a potential pivot toward a more **crypto-friendly** regulatory environment. Kennedy’s advocacy for a **Bitcoin strategic reserve** aims to enhance the stability of the U.S. dollar, alongside proposals to exempt Bitcoin capital gains tax. His personal investments in **Bitcoin** underscore his commitment to the digital asset realm.
Additionally, Trump’s team is bolstered by prominent cryptocurrency advocates such as Vice President-elect JD Vance and Secretary of Defense nominee Pete Hegseth. Notably, Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy will head the new Department of Government Efficiency, humorously dubbed “DOGE,” indicating a light-hearted approach to governance amidst serious economic discourse. Speculation is rising regarding Robinhood’s Chief Legal Officer Dan Gallagher possibly stepping in as the next Chairman of the U.S. Securities and Exchange Commission (SEC), potentially steering the agency toward a less adversarial posture regarding the **crypto industry** under his predecessor Gary Gensler.