U.S. President-elect Donald Trump has nominated Scott Bessent, a hedge fund manager and cryptocurrency enthusiast, as a candidate for the position of Secretary of Treasury. If approved by the Senate, Bessent will be the next person to sign the U.S. banknotes, while also being a strong supporter of the cryptocurrency ecosystem - a system that is expected to gradually replace traditional financial models.
Scott Bessent (born 1962) is a prominent investor and founder of Key Square Capital Management, a global macro investment firm. Before founding this company in 2015, he was the Chief Investment Officer (CIO) of Soros Fund Management from 2011 to 2015, where he executed major trades such as profiting from the weakening of the Japanese yen. Bessent taught economic history at Yale University from 2006 to 2010 and holds a degree from there. He is also actively involved in charitable activities and holds several important positions in reputable organizations. Currently, cryptocurrency, especially Bitcoin, is his next investment target.
Billionaire Scott Bessent at a campaign rally for Donald Trump
In an interview with Fox Business in July, Bessent expressed excitement about President Trump accepting and supporting crypto. He stated that this interest is entirely in line with the spirit of the Republican Party: 'Cryptocurrency represents freedom and the cryptocurrency economy will last long,' Bessent said. 'Cryptocurrency is attracting young people who have never participated in the financial market.'
Before this choice was made, traders on Polymarket had bet that Bessent would lead in this race. Although Cantor Fitzgerald's CEO Howard Lutnick was also considered a potential candidate, he ultimately was chosen as Secretary of Commerce. Lutnick, who is also involved in the digital asset space, has supported Tether in managing the massive reserve of U.S. Treasury bonds to maintain the value of USDT since 2021.
Source: https://tapchibitcoin.io/trump-chon-ty-phu-ung-ho-crypto-scott-bessent-lam-bo-truong-tai-chinh.html
