Odaily News The U.S. Senate approved Trump's nomination of Scott Bessent by a vote of 68 to 29. He will succeed Janet Yellen as Treasury Secretary and help formulate U.S. encryption policy.
Bessent, a well-known digital asset supporter, will lead a government task force to develop a crypto regulatory strategy and oppose the promotion of a U.S. central bank digital currency (CBDC).
His responsibilities also include managing the Financial Crimes Enforcement Network, which focuses on enforcing cryptocurrency-related regulations in areas such as human trafficking and child exploitation.