Scott Bessent, a leading candidate for U.S. Treasury Secretary under President-elect Donald Trump’s incoming administration, is making headlines for his strong support of cryptocurrencies, particularly Bitcoin. Bessent, founder of Key Square Group and former chief investment officer at Soros Fund Management, has openly expressed a positive stance on digital currencies. Fox Business journalist Eleanor Terrett noted on Nov. 11 that Bessent is “very pro-crypto,” highlighting his alignment with Trump’s vision of transforming the U.S. into the “crypto capital of the planet.”
Bessent, an advocate for the potential of blockchain-based assets, emphasized his view that “crypto is about freedom,” adding that the crypto economy is an enduring part of the global financial landscape. He believes that Bitcoin holds unique potential to attract younger individuals and newcomers to financial markets, fostering a more inclusive market culture. “One of the most exciting things about Bitcoin is that it brings in young people and those who have not participated in markets before,” Bessent remarked, stressing the importance of building a system where people feel the economy works in their favor.
Trump, following his presidential victory, reportedly began selecting key administration officials last week, including the U.S. Treasury Secretary. On Nov. 8, he met with Bessent and fellow investor John Paulson, with both reportedly leading the list of contenders for the Treasury role.
If appointed, Bessent’s views may signal a significant shift in U.S. policy toward greater acceptance and support for digital assets, aligning with Trump’s pro-crypto stance and fostering a more crypto-friendly environment within the U.S.
Source: Cointelegraph
Photo Credits: Cointelegraph
