Donald Trump, the president-elect of the United States, nominated Scott Besent as his treasury secretary. This decision has sparked excitement in the emerging industry due to Besent’s pro-crypto reputation.
Bessent and Howard Lotnick, CEO of Cantor Fitzgerald, were considered strong candidates for the position. However, Harold Lotnick was ultimately nominated as Secretary of Commerce.
Cryptocurrency Industry Welcomes Scott Bessent’s Nomination for Treasury Secretary
Trump: Scott will support my policies that will enhance America’s competitiveness, end unfair trade imbalances, and create an economy that puts growth first, especially through our coming dominance of global energy.”
“I was excited about the president embracing cryptocurrency and I think it fits well with the Republican Party,” Bessent said. “Cryptocurrency is about freedom in a crypto economy that is here to stay.”