According to news on January 12, if approved by the U.S. Senate, Scott Bessent, President-elect Trump’s nominee for U.S. Treasury Secretary, will resign from Key Square Group and sell his shares to avoid conflicts of interest. Bessent's resignation will be effective immediately upon his appointment as Treasury secretary, according to a document released by the Office of Government Ethics. Within 90 days of receiving Senate approval, he will sell his stake in Key Square Group, the macro hedge fund he founded and leads.