In an interesting update for the crypto industry, Scott Bessent was recently confirmed by the US Senate as the new Treasury Secretary.

The Senate on Monday confirmed Scott Bessent to serve as Treasury secretary in the Trump administration, making him the highest-ranking openly gay government official in U.S. history.

The Senate's confirmation of Scott Bessent as Treasury Secretary brings a pro-crypto, anti-CBDC leader to head the Treasury Department

Scott Bessent is set to take the office as the US Treasury Secretary in President Donald Trump’s administration team.

An armed man arrested at the U.S. Capitol said he planned to kill Treasury Secretary Scott Bessent and Secretary of Defense Pete Hegseth.

Scott Bessent has been an outspoken advocate for digital assets and hopes to being more regulatory clarity and crypto-favourable policies.

The Senate voted Monday as Senate Republicans work to quickly install President Trump's picks for top administration posts.

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As Treasury Secretary and one of Trump’s top economic advisers, Bessent will be responsible for helping to implement his economic policy agenda, including efforts to impose broad-based tariffs and extend the Tax Cuts and Jobs Act (TCJA), which was enacted in 2017 under then-President Trump but is largely set to expire at the end of 2025.

Scott Bessent confirmed as treasury secretary - a historic appointment that brings bipartisan support and expertise in tax cuts and tariffs.