Trump nominates cryptocurrency advocate Bessent as new Treasury Secretary
Trump will nominate hedge fund manager Scott Bessent to serve as Treasury Secretary, playing a key role in future financial regulation and the ongoing tariff war with China. However, the news has made the cryptocurrency community the happiest, as Bessent is considered one of the strongest supporters of virtual currencies. With Bitcoin nearing the $100,000 mark in late November, and some even predicting it could reach $250,000, this moment is undoubtedly bullish.
Bessent is one of the world's leading international investors and an expert in geopolitical and economic strategy. Trump stated on the social media platform Truth Social: "He has long been a staunch supporter of America First, and he will maintain America's competitiveness while curbing unfair trade practices."
Bessent previously supported the Democratic Party but has now become a loyal supporter of Trump. He advocates for budget cuts while continuing the tax reduction policies approved by Congress during Trump's first term.
According to the Associated Press, before becoming a supporter of Trump, Bessent donated to various Democratic causes in the early 2000s, particularly supporting former Vice President Al Gore's presidential campaign. He also worked under significant Democratic supporter and financial magnate George Soros.
Bessent played a significant role in Soros's London investment business, including the famous bet against the British pound in 1992, which generated massive profits when the pound was forced out of the European Exchange Rate Mechanism during "Black Wednesday."
Musk-related meme coin, #Marvin , Musk's favorite dog, among all the dogs that have yet to be listed on Binance, has a market cap of ten million. Even a tweet wishing for a birthday, having a meal, or waking him up would undoubtedly lead to a price increase comparable to Pnut. If you are also looking for low-market-cap Musk-themed coins, #MARVIN is definitely your top choice, no second option!
