Scott Bessent is set to assume the role of Secretary of the Treasury, which will have a profound impact on U.S. cryptocurrency policy

BlockBeats News, January 28th, according to CoinDesk, Scott Bessent has been officially confirmed as the U.S. Treasury Secretary and is expected to start formulating crypto policies. The Senate today confirmed Scott Bessent with 68 votes in favor and 29 against Trump's nomination.

At 62, Bessent is the founder of the global macro investment firm KeySquareGroup and has previously served as the Chief Investment Officer at Soros Fund Management. His career and public statements indicate that he is a strong supporter of cryptocurrency and is poised to have a profound impact on U.S. cryptocurrency policy. Bessent has publicly stated on multiple occasions that he believes cryptocurrency is crucial for financial freedom and innovation, and in an interview, he mentioned: "Cryptocurrency is about freedom, and the crypto economy will continue to exist."