A blockchain-friendly member of Congress faced confirmation hearings on Capitol Hill yesterday in his bid to join the Trump administration.
Representative Mick Mulvaney, a Republican from South Carolina, was nominated in December by then-President-elect Donald Trump to head up the Office of Management and Budget, which would make him the White House’s point person on budgetary matters.
According to the Washington Post, Mulvaney ran into a hiccup or two during his hearings.
The conservative US Representative drew fire from Democrats because of a failure to pay $15,000 in federal taxes related to a household employee. Describing it as “a mistake in my family”, Mulvaney said the amount has since been paid.
Elsewhere, he defended his past positions on federal spending and entitlement programs, telling committee members that he would take a “fact-based approach” to his role as US budget chief.
Image via Wikimedia
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.