• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Scott Bessent Set to Divest Assets for US Treasury Secretary Role

user avatar

by Giorgi Kostiuk

3 months ago


Donald Trump’s Treasury Secretary nominee, Scott Bessent, will need to leave his position at Key Square Group and sell his hedge fund shares if confirmed by the Senate.

Bessent's Divestment Plans

According to the US Office of Government Ethics, Bessent must resign from the hedge fund immediately post-Senate approval. However, he has 90 days after confirmation to sell his shares.

Bessent's Assets Over $500 Million

State officials must declare assets and submit plans to divest potential conflicts of interest. Bessent's financial disclosure lists $521 million in assets, including US Treasury bills and Invesco holdings. His assets also comprise a $500,000 iShares Bitcoin ETF, farmland in North Dakota, and a property in the Bahamas.

Bessent's Role in Crypto Initiatives

Bessent emerged as a top candidate for Treasury Secretary, surpassing competitors like Marc Rowan and Kevin Warsh. Upon Senate confirmation, he is expected to assist Trump in tax cuts and cryptocurrency initiatives, possibly establishing a national Bitcoin reserve.

Scott Bessent’s appointment as US Treasury Secretary could significantly impact national economic policies and the approach towards cryptocurrency.

0

Share

Other news

News about Mantle: New Updates and Current Trends for MNT

MNT continues a bearish trend despite the launch of new products and strategies, including Mantle Banking and MI4.

user avatarGiorgi Kostiuk

a few seconds ago

Nexchain: A Promising Project at the Intersection of Blockchain and AI

Nexchain represents a new project in the blockchain market integrating AI for high speed and efficiency.

user avatarGiorgi Kostiuk

8 minutes ago

Crypto Fear & Greed Index Signals Recovery

Crypto Fear & Greed Index rises to 25, indicating increased investor confidence despite caution.

user avatarGiorgi Kostiuk

9 minutes ago

Dollar Shows Strength While Euro Weakens: Analyzing Forex Trends

Exploring recent shifts of the dollar and euro in the Forex market and their implications for the economy and traders.

user avatarGiorgi Kostiuk

11 minutes ago

OKX Fined €1.1 Million by Malta for AML Violations

Crypto exchange OKX fined €1.1 million by Malta for systematic breaches of anti-money laundering regulations.

user avatarGiorgi Kostiuk

13 minutes ago

How the Energy Crisis is Shaping Bitcoin Mining in 2025

In 2025, rising electricity prices reshape the Bitcoin mining landscape, creating demand for cloud solutions to reduce costs.

user avatarGiorgi Kostiuk

18 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.