Betting markets suggest Trump will pick pro-crypto adviser to lead Treasury
Published On Nov 12, 2024, 11:31 AM
Betting markets are indicating that Scott Bessent, the CEO of Key Square Group and a former Economic Advisor to Trump, is the leading candidate for the Treasury Secretary position in Trump's new administration. Bessent is known for his pro-crypto stance, which aligns with Trump's supportive views on cryptocurrency. If appointed, Bessent could influence the direction of economic policy, potentially promoting policies that favor crypto and deregulation while also integrating traditional Republican economic strategies.
Stock Forecasts
XLE
Positive
Furthermore, any shifts in economic policy under Bessent could benefit traditional investment areas, particularly those involved in energy production and infrastructure,
Related News
How Trump's second White House term could impact the economy
Nov 12, 2024, 6:00 AM
President-elect Trump's economic agenda for his second term in the White House will include some old and new policies compared to his first administration.
The progressive dream is dead
Nov 8, 2024, 10:06 AM
Democrats' liberal wing has wrecked the party, and the nation suffers for it.
Who might Trump pick to serve as Treasury secretary?
Nov 6, 2024, 5:20 PM
President-elect Trump will soon begin announcing nominees to key cabinet positions, and his Treasury secretary pick will play a key role in advancing his economic agenda.