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.

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Furthermore, any shifts in economic policy under Bessent could benefit traditional investment areas, particularly those involved in energy production and infrastructure,

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