News with the tag "Scott Bessent"

U.S. Treasury Secretary Scott Bessent says that the US would be going through a financial crisis if it had kept up its spending habits. In a new interview on NBC’s Meet the Press, Bessent says he’s not worried about the current downturn in the stock market, which has wiped out trillions of dollars i...

With his U.S. Senate confirmation behind him, Scott Bessent is in place to be the top financial official of President Donald Trump's administration, where he'll be among those fulfilling the crypto directives already set out by the president last week. Bessent, a billionaire former hedge fund manage...

Treasury Secretary Scott Bessent Opposes U.S. Central Bank Digital Currency Scott Bessent , the Treasury Secretary under Donald Trump’s administration , has voiced his opposition to the creation of a U.S. Central Bank Digital Currency (CBDC) . According to Watcher Guru on X, Bessent stated that the ...

President-elect Donald Trump’s pick for Treasury Secretary does not think that the US needs to launch a central bank digital currency (CBDC). During his nomination hearing on Thursday, Scott Bessent told the Senate Finance Committee that, unlike other countries, the US will not gain much from rollin...

U.S. senators questioning President-elect Donald Trump's nominee for Treasury Secretary, Scott Bessent, didn't spend much time on cryptocurrency issues in his nomination hearing on Thursday. But he had a chance to register strong opposition to a U.S. central bank digital currency (CBDC) and to note ...

One crypto executive speculates Warren’s letter is a veiled attempt to justify an expansion of regulation against “neutral crypto technology providers.”

President-elect Donald Trump’s choice for Treasury Secretary, Scott Bessent, has disclosed ownership of spot Bitcoin Exchange-Traded Fund (ETF) holdings worth as much as $500,000. If confirmed for the position, the investor who co-founded Key Square Group says he will resign from the company and div...

Billionaire hedge fund manager Scott Bessent, President-elect Donald Trump's nominee for Treasury Secretary, plans to dispose of several assets, including investment in bitcoin (BTC) exchange-traded funds (ETF), to avoid potential conflicts of interest with his new role, according to a report by The...

Scott Bessent, a billionaire hedge fund manager, has caught the crypto community’s attention with his bold move. Bessent, nominated as the next U.S. Treasury Secretary, recently sold his Bitcoin Exchange Traded Funds (ETF) shares. Bessent’s actions highlight how digital assets are increasingly becom...

Bitcoin is now down around 11% after reaching its all-time high price of $108,135 on Dec. 17.