Scott Bessent, Trump’s Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts

Published On Jan 11, 2025, 1:13 PM

Scott Bessent, President-elect Donald J. Trump's nominee for Treasury secretary, plans to divest from numerous funds and investments valued over $700 million as he prepares for his confirmation hearing. Bessent's financial portfolio includes assets in real estate and cryptocurrencies like Bitcoin. If confirmed, his role will involve implementing economic policies aimed at tax cuts, deregulation, tariffs, and potentially promoting cryptocurrencies under the Trump administration.