According to Odaily, Scott Bessent's Senate nomination hearing for the position of U.S. Treasury Secretary is expected to take place on January 16. Previously reported by Bitpush, Bessent is known for his favorable stance towards cryptocurrencies like Bitcoin. In a past statement related to cryptocurrencies, Bessent expressed enthusiasm about the President's acceptance of digital currencies, noting that it aligns well with Republican values and represents freedom, suggesting that the cryptocurrency economy is here to stay.