Trump Reportedly Plans to Name Pro-Crypto Hedge Fund Manager Scott Bessent as Treasury Secretary

United States News News

Trump Reportedly Plans to Name Pro-Crypto Hedge Fund Manager Scott Bessent as Treasury Secretary
United States Latest News,United States Headlines
  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.

U.S. President-elect Donald Trump is close to naming hedge fund manager Scott Bessent, a cryptocurrency enthusiast, as his pick for Treasury Secretary,

If the Senate confirms him, the next person whose signature adorns U.S. paper currency will be a fan of the digital currency ecosystem set up to replace the conventional financial system.Bessent runs Key Square Group, a macro investing firm. He worked for prominent investor George Soros three decades ago and was, according to,"one of the driving forces" behind Soros Fund Management's famous bet — that netted a more than $1 billion profit — that the British pound would collapse.

"I have been excited about embrace of crypto and I think it fits very well with the Republican Party, the ethos of it. Crypto is about freedom and the crypto economy is here to stay," he said in anPolymarket traders had bet that he was a frontrunner. At one point, Cantor Fitzgerald CEO Howard Lutnick was viewed as one, too, but he was. Lutnick has also dabbled in digital assets, helping stablecoin issuer Tether manage the giant stockpile of U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinDesk /  🏆 291. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dodgers Had to Listen to ‘New York, New York’ During World Series CelebrationDodgers Had to Listen to ‘New York, New York’ During World Series CelebrationThe Yankees have discovered one neat trick to remind players where Yankee Stadium is located.
Read more »

New York Yankees GM Confirms Interest in New York Mets Free Agent Pete AlonsoPete Alonso is one of the top power hitters on the market this winter, and New York Yankees general manager Brian Cashman told reporters Tuesday that he has spoke to agent Scott Boras about the longtime New York Mets star.
Read more »

‘Sinatra: The Musical’ gets closer to Broadway with New York, New York reading‘Sinatra: The Musical’ gets closer to Broadway with New York, New York readingIt's the musical's first visit to the United States. The story of Ol' Blue Eyes takes on Frank Sinatra's rise to superstardom, marriage, affair and comeback.
Read more »

One of the biggest names in New York bagels is coming to N.J. Here’s what we know.One of the biggest names in New York bagels is coming to N.J. Here’s what we know.The New York Times called it one of the best bagels in New York.
Read more »

Bitcoin ETFs Will Soon Hold 1M Tokens, Nearly as Much as SatoshiBitcoin ETFs Will Soon Hold 1M Tokens, Nearly as Much as SatoshiHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Read more »

Microsoft Urges Shareholders to Vote Against a Proposal to Assess Bitcoin as a Diversification Investment: FilingMicrosoft Urges Shareholders to Vote Against a Proposal to Assess Bitcoin as a Diversification Investment: FilingHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Read more »



Render Time: 2025-02-16 12:13:58