Donald Trump’s reported top pick for Treasury Secretary is an enthusiastic crypto supporter who has previously indicated support for the president-elect’s eyebrow-raising plan to establish a U.S. government strategic Bitcoin reserve. 

Scott Bessent, a billionaire hedge fund manager who worked closely with the Trump campaign on fundraising and economic policy, is currently the top choice among transition team decision-makers to helm the Treasury Department, according to a Tuesday Bloomberg report.

Bessent is a vocal crypto proponent. During a Fox Business interview in July, the investor responded to a question about his support for Trump’s then-newly announced plan to establish a Bitcoin strategic reserve by saying the move could be a wise one. 

“I think that everything is on the table with Bitcoin,” he said at the time.

If Bessent were appointed Treasury Secretary, he would be in a key position to make those lofty ideas a reality. One Go to Source to See Full Article
Author: Sander Lutz