Scott Bessent

Scott Bessent, Donald Trump’s pick to be the next U.S. Treasury Secretary, is a pro-crypto businessman and founder of hedge fund Key Square Capital Management.

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Putting in a good word

U.S. Treasury Secretaries have enormous influence globally: they set the tone for investors, influence stock and bond markets, and shape policies that affect global financial stability. Many in the industry are excited about the prospect of Bessent occupying this position of power because of his public comments expressing support for crypto:

“Crypto is about freedom and the crypto economy is here to stay.”