#ETHOnTheRise

US President-elect Donald Trump has nominated hedge fund manager Scott Bessent for the post of Treasury Secretary. The politician announced this on his social network Truth Social. Bessent co-founded Key Square Capital Management in 2015. Before that, he worked at George Soros's Soros Capital Management, where he served as chief investment officer from 2011 to 2015.

Earlier, the businessman spoke positively about digital assets in an interview with Fox Business. According to him, Trump's support for the industry is in line with the policies of the Republican Party.

He highlighted one of the most interesting qualities of Bitcoin, which is that digital gold attracts young investors to the market after the financial crisis of 2007-2009.

According to CNN, Trump is considering appointing former CEO of the institutional crypto platform Bakkt Kelly Loeffler as Secretary of Agriculture. The former senator will also co-chair the inaugural committee. Recall that according to media reports, Trump is looking for candidates for the future government who support cryptocurrencies. The nominees already include Bitcoin supporters such as Robert Francis Kennedy Jr. (Health Department), Pete Hagseth (Defense Department), and Howard Lutnick (Treasury Department).

The transition team is also considering the possibility of appointing a "crypto czar" - a full-time position in the administration with a focus on digital assets.