The US Senate Finance Committee has voted to confirm Scott Bessant's nomination as Treasury Secretary, sending him to the full Senate for consideration.
In an open letter dated January 12, Warren asked former Treasury Secretary Scott Bessent whether the Treasury Department should have more authority to sanction the cryptocurrency industry. "Should AML/CFT and sanctions programs include reasonably designed risk-based provisions to prevent money laundering or terrorist financing involving digital assets," wrote Warren, who is about to become the top Democrat on the Senate Banking, Housing and Urban Affairs Committee.
According to Cointelegraph, Trump's candidate for Treasury secretary, Scott Bessent, has revealed that he owns a $500,000 Bitcoin ETF.
The AXIOS website analyzes that the core economic agenda of US Treasury Secretary nominee Scott Bescent "3/3/3" policy approach, which is to reduce the budget deficit to 3% of GDP, achieve 3% annual economic growth, and increase domestic oil production by 3 million barrels per day. Currently, the US deficit will remain between 6% and 7% of GDP for several years, forming a spiral that could lead to a sharp increase in interest rates...
According to the Wall Street Journal, Scott Bessant is prioritizing Trump's tax cuts.
In his first interview since being nominated by President-elect Donald Trump to be Treasury secretary, Scott Bescent said his policy focus would be on delivering on Trump's tax cuts, including making his first-term tax cuts permanent and eliminating taxes on tips, Social Security benefits and overtime, according to the Wall Street Journal. Bescent said the imposition of tariffs and spending cuts, as well as "maintaining...
Donald Trump has appointed Scott Bessant as US Treasury secretary. "Scott is widely respected as one of the world's leading international investors and geopolitical and economic strategists," Mr. Trump said in a statement on his Truth Social platform. "Scott's story is the American dream."
On November 23rd, local time on November 22nd, US President-elect Trump nominated billionaire Scott Bescent to the post of Treasury Secretary. Bescent, 62, is the founder of global macro investment firm KeySquareGroup and served as the chief investment officer of Soros Fund Management. He advised Trump on economic policy during the 2024 presidential campaign.
Elon Musk said on his social media platform x that Bescente is a business-as-usual option, and if Howard Lutnik is elected US Treasury secretary, he will "really drive change", business-as-usual is causing America to go bankrupt so we need to change. (Sina Finance)