By confirming his Senate behind him, Scott Bessent has been prepared to become President Donald Trump’s highest finance representative, and last week, the people who have already set the code of the President. You will be inside.
Bessent, a former billionaire hedge fund manager, did not give much bite the Crypto sector this month, but he is a known digital asset enthusiast. His boss, Trump, has already assigned a team spot to be appointed for any monitoring system of the federal government.
The Senate voted for 68-29 to approve Bessent’s nomination on Monday, and when he swears to permanently put his predecessor Janet Jelen, he officially participated in the Trump cabinet. 。 Since Trump’s center of Agenda is the extension of tax cuts, the President, including it in the Salvo at the beginning of the presidential order, may be the highest priority to the list.
Before confirming on Monday, Republican Mike Krapo, a member of the Idaho Republican Republican member, called Vessent, called Bessent as “one of the sharpest hearts in the global finance industry”, and “his background and training match this role. It is made. “
With Trump’s encryption order, Vessent’s Ministry of Finance plays a role in government working groups backed by “individual expertise from digital assets and digital leaders”. His category is one of the people who borrow a report in the White House within two months, how to fix existing regulations and how to establish new regulations with the Ministry of Finance, and there are six wider groups. It is necessary to recommend regulations and legislative proposals within the month.
He is also responsible for erasing his predecessor’s encrypted work, which was conducted by former President Joe Biden.
This order will also work on digital currency (CBDC) in the Central Bank of Japan, which has never progressed beyond the US tire kicking stage, despite the enthusiastic recruitment and tests of other jurisdictions, including China. 。
As a candidate, the former highest group of Keesquare Group may see the Senator pursuing digital after seeing that he had no reason to pursue the idea of CBDC in Japan. The dollar told the encryption insider that he has more affection. But he was not asked about the encryption policy.
Still, Bessent is not a stranger for digital assets. He pushed hundreds of thousands of dollars of his personal wealth into bitcoin (BTC) exchange fund (ETF), as described in his long financial disclosure. These assets were settled when he received the Nomination of Trump.
The story will continue