President-elect Donald Trump is reportedly considering Scott Bessent, a billionaire hedge fund investor with notably pro-cryptocurrency views, for the position of Treasury Secretary. This follows investor John Paulson’s withdrawal from contention, citing the complexity of his personal finances.
Bessent’s potential nomination has garnered attention due to his outspoken support for cryptocurrencies, particularly Bitcoin. Fox Business reporter Eleanor Terrett highlighted Bessent’s positive stance, quoting his recent statements on the subject.
“I have been excited about the president’s embrace of crypto and I think it fits very well with the Republican Party,” Bessent stated. “Crypto is about freedom and the crypto economy is here to stay.”
He also emphasized Bitcoin’s potential to engage younger generations and newcomers to financial markets. “I think everything is on the table with Bitcoin,” Bessent remarked. “One of the most exciting things about Bitcoin is that it brings in young people and those who have not participated in markets before. Cultivating a market culture in the US, where people believe in a system that works for them, is the centerpiece of capitalism.”
Bessent’s potential appointment could signal a significant shift in the US government’s approach to cryptocurrencies.
