The US Senate voted to approve Donald Trump’s nomination of Scott Bessent as the new Treasury Minister. BESSENT, a cross -crying, will help develop a regulation frame for crypto currencies as part of a presidential working group created last week.
IMPORTANT DEVELOPMENT FOR CRIP COVERS: BESSENT, APPROVED APPROVAL
The US Senate approved the pro -crypto Scott Bessent, who will replace Janet Yellen, as the new Treasury Minister. Only 29 votes against 29 votes in the vote in the Senate on Monday was given for Bessent. Last November, Trump nominated the billionaire hedge fund manager to manage the Treasury Ministry. Bessent had previously expressed his positive opinion on the crypto, and said that the crypton was about freedom and that the crypto economy would remain here ”.
Bessent also opposed the issuance of a Central Bank crypto currency, saying that the US has not seen a “any reason için to have a crypto currency. Bessent said, “In my opinion, a central bank is a crypto currency, for countries without any other investment alternatives,” he said. It is expected that Bessent, as the Minister of Treasury, was expected to be a part of the “Crypto Asset Markets Presidential Working Group olan, which was reported to have been created by Trump last week. The working group will work to develop a federal regulatory frame for crypto beings, including stablecoins and to evaluate the creation of a strategic national crypto asset stock ”.
Comments came from the sector
Ripple CEO, Brad Garlinghouse, said in an X post: orum I congratulate the newly approved Treasury Minister Scott Bessent. I am sure that it will work together with the administration and congress to enlarge US technology and crypto innovation. ” he said.
Meanwhile, Reuters reported that Bessent’s economic agenda, which focuses on Trump’s economic agenda, focusing on reducing taxes and implementing high customs tariffs. Bessent is against the idea that Trump’s economic policies will deteriorate inflation, because inflation will be controlled within the scope of the efforts of the administration to increase oil production. According to the Financial Times based on informed sources, the new Treasury Minister is expected to apply 2.5 %to the goods imported from the United States and this tax is expected to rise up to 20 %each month.
