# Scott Bessent Confirmed as U.S. Treasury Secretary

*Author: Kazu Umemoto*
*Published: Jan 28, 2025*
*Source: https://www.bankless.com/read/scott-bessent-confirmed-as-u-s-treasury-secretary*

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The U.S. Senate has confirmed Scott Bessent, a former hedge fund manager who is generally seen as pro-crypto, as the new Treasury Secretary.

## **What's the Scoop?**
- **Pro-Crypto Reputation**: Known for supporting cryptocurrencies, Bessent is an advocate for blockchain innovation in financial markets but has also vocally opposed the creation of a central bank digital currency.
- **Regulatory Role**: Alongside his other roles, Bessent will join a presidential working group focused on developing guidelines for the crypto industry.
- **Senate Approval**: Scott Bessent was confirmed with a bipartisan 68-29 Senate vote.

## **Bankless Take**
Scott Bessent has made comments in the past supporting the crypto space saying things like crypto is “here to stay” and is heavily against a central bank digital currency. His confirmation has brought hope and optimism for a more balanced and innovation-friendly regulatory approach. His experience and pro-crypto attitude could pave the way for a regulatory framework that would encourage innovation within the U.S.