After Scott Bessent’s approved the Treasury minister, the US Senate officially officially officially official Donald Trump. The appointment of Bessent, known for its crypto -friendly approach, points to a critical turning point for digital assets and broad financial policies under the Trump administration.
Year Approval: Bessent New Treasury Minister
Scott Bessent has achieved a majority of 68-29 in the Senate vote with its billionaire history and old Hedge Fund Management. The current Treasury Minister and former Federal Reserve President Janet Yellen will be replaced by Bessent, the country’s financial policies will manage.
Crypto policies under the leadership of Bessent
During the approval process, Senator Mike Crapo, the President of the Senate Finance Committee, described Bessent as üstün one of the smartest minds of the global financial industry ”. The appointment of Bessent came with the Trump administration supporting tax cuts and financial deregulation policies.
Mike Crapo: “Bessent has deep knowledge and experience in the financial field.”
Bessent will also take over the instruction of Trump to develop strategy for digital assets immediately after his appointment. The Ministry of Treasury will contribute to the working group where regulatory and legislative proposals will be created.
No domestic CBDC development
The decision to stop the development of the Trump administration in the country in a CBDC (central bank digital currency) in the country is compatible with Bessent’s views. Bessent said he did not think that the FED should take a role in the creation of an indigenous CBDC in the last Senate approval listening.
Control of financial crimes and sanctions
As the new Treasury Minister, Bessent will also supervise the control of the Anti -Financial Crimes Units, including the Network of Financial Crimes (Fincen). Fincen will concentrate on the use of crypto currencies in crime activities such as human trafficking and money laundering.
Brad Garlinghouse: “The new Minister Scott Bessent will be a great leader for Americans.”
Under the leadership of BESSENT, the Treasury Ministry will focus on the regulation of crypto currency mixers and increase national security and continue to support the development of the crypto industry.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
