US Senate confirms pro-crypto Scott Bessent as new Treasury secretary
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Scott Bessent confirmed as Trump’s Treasury secretary
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As Treasury secretary, Bessent is expected to be a part of the "Presidential Working Group on Digital Asset Markets," reportedly created under an executive order signed by Trump last week. The working group will work on developing a federal regulatory framework for digital assets, including stablecoins and work to evaluate the creation of a "strategic national digital assets stockpile
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Bessent had previously expressed his positive view of crypto, saying that crypto is about freedom and the crypto economy is “here to stay”
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