Crypto advocate Scott Bessent confirmed as US Treasury Secretary

Scott Bessent, a billionaire hedge fund manager and ardent supporter of cryptocurrencies, has officially become the 79th US Treasury Secretary. Bessent succeeds Janet Yellen and takes office at a crucial moment for US fiscal and cryptocurrency policy

Bessent's pro-crypto stance sets him apart from previous Treasury chiefs. He has openly opposed a $CBDC, stating that it is suitable for countries without viable investment alternatives

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