Trump nominates crypto advocate as treasury secretary

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Trump nominates crypto advocate as treasury secretary

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United States President-elect Donald Trump has nominated Scott Bessent for the position of Secretary of the Treasury.

Bessent, 62, co-founded Key Square Capital Management in 2015. He previously served as chief investment officer at Soros Capital Management from 2011 to 2015.

Bessent has made comments in support of the cryptocurrency sector.

Trump’s nomination occurs as he voices growing interest in cryptocurrency.

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