Trump Nominates Bitcoin Supporter Scott Bessent as US Treasury Secretary
President-elect Donald Trump has tapped Scott Bessent, the founder of Key Square Capital Management and a Bitcoin supporter, to serve as Treasury Secretary.
If confirmed, Bessent will play a key role in shaping US economic policy, including the possibility of creating a national Bitcoin reserve, which Trump has previously hinted at.
Bessent is known for his strong support for cryptocurrencies, believing that Bitcoin represents an opportunity to attract young people and promote market culture.
He has also stressed the importance of preserving the dollar as the global reserve currency while promoting economic innovation.
Bessent will tackle challenges such as the $36 trillion federal debt and implementing Trump’s campaign promises regarding tax cuts.
His nomination reflects a potential shift toward more pro-crypto policies in the US.$BTC
