The elected President of the United States, Donald Trump, nominated hedge fund manager Scott Bessent for the position of Secretary of the Treasury. The politician announced this on his social media platform, Truth Social.

"Scott is widely respected as one of the world’s leading international investors and geopolitical and economic strategists. His story is the story of the American dream," Trump stated.

Bessent co-founded Key Square Capital Management in 2015. Prior to that, he worked at George Soros's Soros Capital Management, where he served as Chief Investment Officer from 2011 to 2015.

Previously, the businessman spoke positively about digital assets in an interview with Fox Business. According to him, Trump’s support for the industry aligns with the policies of the Republican Party.

"Cryptocurrencies represent freedom in the crypto economy, which is not going anywhere. Democrats are running away from it because they are trying to wash away the stench from the donations made by Sam Bankman-Fried and his family," Bessent stated.