Bitcoin Advocate Scott Bessent Appointed as U.S. Secretary of the Treasury
Scott Bessent is ready to give a better path for the US economy with his talent.
Scott Bessent is a popular financial expert & investor. He is known for his support of the Bitcoin & crypto sector. In the past, with extensive experience in global markets, he has served as the Chief Investment Officer for Soros Fund Management and founded Key Square Group.
On 28 Jan 2024, US President Donald Trump officially appointed Scott Bessent as the U.S. Secretary of the Treasury, signalling a potential shift toward Bitcoin-friendly policies.
Cynthia Lummis, another pro-Bitcoin Senator, shared her happiness about this decision & said that she is looking forward to working on better policies.
Ripple CEO Brad Garlinghouse also congratulated Scott on becoming the new Treasury Secretary. Garlinghouse said that he believes Scott will be a great leader who will focus on smart economic policies, including the crypto sector.
Ripple CEO’s statement showed that he is confident that the new US Treasury Secretary will work with the government to boost crypto & blockchain innovation in the U.S jurisdiction.
Appointment of Bitcoin Advocates at top positions
During the presidential election campaign in 2024, Donald Trump promised the Crypto sector to bring ProBitcoin regulators to ensure ProCrypto regulatory policies. At the same time, he said that he would focus mainly on boosting the US economy to the next level.
Already in November 2024, Trump confirmed that he would appoint Scott because he was a great leader in terms of leading smart economic policies.
As an investor, Scott has supported many digital assets-related ventures and advocated for Bitcoin as the best investment asset in the crypto space. So we can consider that the new US Treasury will also keep Bitcoin & Crypto sector-related decisions along with the new policies for the traditional financial sector to boost the US economy to the next level.
