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Trump's choice of Treasury Secretary Scott Bessent will divest his interest in a bitcoin ETF

Billionaire hedge fund manager Scott Bessent, who was chosen by Mr. Trump to be Treasury secretary, has praised cryptocurrencies. "Cryptocurrencies represent freedom, the crypto economy is here to stay, and I think the possibilities are limitless," Mr. Bessent said in July. According to a new financial disclosure filing last month, Scott Bessent holds a stake in BlackRock's bitcoin exchange-traded fund (ETF) worth between $250,000 and $500,000.

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2025-01-20 22:51:26