In an interesting update for the crypto industry, Scott Bessent was recently confirmed by the US Senate as the new Treasury Secretary.

The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trump's treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn't jeopardize growth.

Treasury Secretary designee Scott Bessent’s nomination advanced past ... with Senate Finance Chair Mike Crapo (R-Idaho) arguing that Bessent “has done nothing wrong except follow traditional ...

Scott Bessent is set to take the office as the US Treasury Secretary in President Donald Trump’s administration team.

The Senate's confirmation of Scott Bessent as Treasury Secretary brings a pro-crypto, anti-CBDC leader to head the Treasury Department

Scott Bessent testified before the Senate Finance Committee, where the expiring Tax Cuts and Jobs Act was a major point of conversation.

Scott Bessent has been an outspoken advocate for digital assets and hopes to being more regulatory clarity and crypto-favourable policies.

The Senate voted Monday as Senate Republicans work to quickly install President Trump's picks for top administration posts.

Scott Bessent confirmed as Treasury Secretary with 68-29 Senate vote, signaling pivotal U.S. crypto policy shift under Trump.

Scott Bessent, a Wall Street veteran who was born and raised in South Carolina, has defended the Republican president Donald Trump's tax-cutting and tariff proposals while urging efforts to secure supply chains and the dollar's global status.

Bessent received a bachelor's degree from Yale University in 1984. After graduating, Bessent worked at Brown Brothers Harriman and Kynikos Associates. [5] In 1991, Bessent began working at Soros Fund Management (SFM), where he was the firm's head of ...