Pro-Crypto Scott Bessent Is Confirmed As US Treasury Secretary
The US Senate has confirmed the billionaire hedge fund manager Scott Bessent as the new US Treasury Secretary. The Senate approved Bessent’s confirmation by a vote of 68 to 29 on Monday, 16 Democrats supporting his nomination. Brad Garlinghouse, Ripple CEO, congratulated Bessent on X, expressing confidence that he would implement practical economic policies and collaborate with the Trump administration and Congress “to grow US tech and crypto innovation.” Congrats to the newly-confirmed Treasury Secretary Scott Bessent! He'll be an incredible leader for Americans! I'm confident he'll enact common-sense economic policies, working with the Administration and Congress to grow US tech and crypto innovation. — Brad Garlinghouse (@bgarlinghouse) January 28, 2025 The main responsibility of the Treasury Secretary is to oversee the nation’s tax collections and its $28 trillion Treasury debt market. Bessent will also be responsible for fiscal policy, f...