Trump Nominates Pro-Crypto Hedge Fund Manager Scott Bessent as Treasury Secretary
Bessent is a prominent hedge fund manager known for his pro-crypto stance
Jason Nelson
By Jason Nelson
Nov 23, 2024
2 min read
Scott Bessent at a Trump/Vance Event.
Scott Bessent at a Trump/Vance Event.

President-elect Donald Trump has nominated Scott Bessent, a prominent hedge fund manager known for his pro-cryptocurrency stance, to serve as the next Secretary of the Treasury, multiple news outlets reported late Friday.

Bessent, founder of Key Square Group, has been a significant economic adviser to Trump’s campaign and is expected to play a pivotal role in shaping the administration’s economic policies. Among other things, he's an ardent supporter of Trump's plan to create a strategic Bitcoin Reserve.

Born in 1962 in Conway, South Carolina, Scott Bessent graduated from Yale University in 1984. He began his career in finance at Brown Brothers Harriman and later joined Kynikos Associates. In 1991, Bessent became a part…