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U.S. President-elect Donald Trump has nominated Scott Bessent, a prominent hedge fund manager and vocal cryptocurrency advocate, to serve as the next Secretary of the Treasury. If confirmed by the Senate, Bessent will bring a pro-crypto stance to one of the most influential economic positions in the country.

Bessent, the founder of macro-investment firm Key Square Group, has an illustrious financial career spanning decades. He gained widespread recognition for his role at Soros Fund Management, where he was instrumental in executing the famous 1992 bet against the British pound, yielding a $1 billion profit. Now, his focus has shifted to Bitcoin and the broader digital currency ecosystem, which he views as pivotal to the future of finance.