Leggi questo articolo in Italiano
Scott Bessent: new US treasury secretary, breakthrough for crypto
By Daniele Corno
U.S. Senate confirms pro-crypto Scott Bessent as new Treasury secretary: 68 votes in favor change of guard with Yellen
Bessent's Nomination: A Strong Signal for Crypto
The U.S. Senate approved Scott Bessent as the new Treasury secretary with 68 votes in favor. Bessent, known for his support of Bitcoin and the crypto sector, takes the place of Janet Yellen, who is of a sharply opposed position.
BREAKING: 🇺🇸 Trump’s Pro-Bitcoin Treasury Secretary Scott Bessent confirmed by Senate. pic.twitter.com/lbPmslbZNC
— Bitcoin Archive (@BTC_Archive) January 27, 2025
A former hedge fund manager, Bessent has always argued that cryptos represent economic freedom. “The crypto economy is here to stay, “ he said. In his view, he also believes the United States does not need a central bank digital currency (CBDC), a view that parallels what Trump said in his ‘executive order regarding the sector.
His appointment comes at an important time of transition for the sector. The Trump administration , among other things, wants to create a “strategic reserve of digital assets.” A process that may mark a turning point for the entire industry even if, as necessary, the priority is a clear and defined regulatory system.
Bessent's Priorities: Clear Rules and Innovation
Bessent will be part of the “Working Group on Digital Assets Markets.” This team, created by Trump, will work to regulate the cryptocurrency and stablecoin sector.
The new appointment, has received praise from industry figures such as Brad Garlinghouse, CEO of Ripple, declaring himself optimistic about the expected technological development.
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 crypto sector however, will only be a small part of Bessent’s agenda. With his role in fact, he will have central roles in tax cuts and higher tariffs on imports. The goal is to stimulate domestic production and keep inflation in check.
According to the Financial Times, Bessent could introduce a 2.5 percent tariff on imports. This tariff could increase up to 20 percent each month. These decisions, along with his support for crypto, could change the U.S. economy and technology in the coming years.
