The U.S. Senate on Monday confirmed Scott Bessent to be President Donald Trump's Treasury secretary, giving the billionaire hedge fund manager a central role in shaping the new administration's policy ambitions around tax cuts and spending and managing economic relationships with allies and adversaries alike.

Hedge fund manager Scott Bessent — who has vowed to crack down on off-the-rails federal spending and help avert a “crushing $4 trillion tax hike” on Americans by year’s end — was

Former hedge fund manager Scott Bessent was confirmed yesterday in the Senate as the new Treasury Secretary. The 62-year-old Tr*mp nominee becomes the first out-gay man to hold the position. He’s also the highest-ranking LGBTQ+ official in US history. The Treasury Secretary is fifth-in-line to the Presidency.

Bessent, 62, is a longtime hedge fund manager, Trump donor and adviser. He'll be the point person for Trump on a host of key economic issues.

In a mostly bipartisan vote, the Senate confirmed Scott Bessent as Treasury secretary on Monday, solidifying his role to advance Trump’s economic agenda.

Learn all about the appointment of billionaire hedge fund manager Scott Bessent as US Treasury Secretary and his pro-crypto position.

The Senate is set to vote Monday on the confirmation of Scott Bessent as treasury secretary, as Senate Republicans work to quickly install President Trump's picks for top administration posts.

Scott Bessent has been an outspoken advocate for digital assets and hopes to being more regulatory clarity and crypto-favourable policies.

Bitcoin surges past $105K as pro-crypto policies gain momentum. Treasury Secretary Scott Bessent backs Bitcoin while US states and global banks explore reserves.

The Senate confirmed Scott Bessent as treasury secretary, filling a key role in President Donald Trump's Cabinet with Bessent expected to help orchestrate Trump's economic agenda.

The US Senate confirmed Scott Bessent as Treasury Secretary. He faces balancing tax cuts with deficit control and crafting a tariff strategy, becoming the first openly gay person in the role.