Scott Bessent, founder of Connecticut-based hedge fund Key Square Group, has been chosen by President Trump to serve as Treasury Secretary. Bessent, 62, is a vocal supporter of Trump's policies, including his embrace of the cryptocurrency industry and plans for tariffs and spending cuts. While Bessent has worked with both liberal and conservative figures, including George Soros, his appointment marks a historic moment as the first openly gay Senate-confirmed Cabinet member in a Republican administration.
Bessent, 62, is the founder of Connecticut-based hedge fund Key Square Group and is prepared to assist President Trump in introducing new economic policies. He would be the first Senate-confirmed openly gay Cabinet member of a Republican administration.
While Bessent is an ally of Trump, he was the chief investment manager for George Soros, a billionaire philanthropist known for supporting liberal causes from 2011 to 2015. As treasury secretary, Bessent would oversee the department that manages the nation’s finances and the IRS.
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