The US Senate agrees to Scott Bessin as a new treasury with Crypto Focus

The US Senate confirmed that Scott Besense Kezer the new treasury, behind Janet Yellen. The assertion came through the Senate vote on Monday, as Bessent got 68 votes in favor of 29 votes. He was nominated by President Donald Trump last November.

Bessent, a billionaire hedge manager, is famous for his pro -encouragement position, and he previously believed that digital assets represent a form of financial freedom.

He previously mentioned that the encryption economy “here to survive” and expressed its opposition to the issuance of a central bank’s digital currency (CBDC), on the pretext that such measures are unnecessary for the United States. “In my opinion, the central bank’s digital currency is intended for countries that do not have other investment alternatives,” Note.

As the Treasury Secretary, Bessent is expected to play an important role in shaping the regulatory framework of digital assets. It will be part of the newly created “presidential work group”, which aims to develop federal regulations related to digital currencies, including Stablecoins. According to what was reported, this working group was created according to an executive order signed by Trump last week.

In addition to its focus on encryption, Bessent is a strong supporter of Trump’s economic policies, which include tax cuts and increased tariffs. Reports Indicate It may implement a 2.5 % global tariff on American imports, with plans for gradual increases that can reach 20 %.

Bessin’s nomination supporters, including CEO of Ripple Brad Garlinghouse, have expressed his confidence in his ability to enhance growth in the technology and encryption sectors. However, the Bess’s approach to economic policy will closely be examined because it assumes its new role.