Scott Bessent, chosen by Trump as Treasury Secretary, will divest his interest in Bitcoin ETF
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2025-01-20 23:02 3,975
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Golden Finance reported that billionaire hedge fund manager Scott Bessent, who was selected by Trump as Treasury Secretary, expressed his appreciation for cryptocurrencies. Scott Bessent said in July last year: "Cryptocurrency represents freedom, the cryptocurrency economy is here to stay, and I think Bitcoin has endless possibilities."
Scott Bessent holds a stake in BlackRock’s Bitcoin exchange-traded fund (ETF) worth between $250,000 and $500,000, according to a new financial disclosure filing last month. Scott Bessent wrote in a letter to the U.S. Treasury Department last week that he would divest his interest in the fund and other investments within 90 days of being nominated. Scott Bessent did not respond to a request for comment. (Golden Ten)