Founders

Billionaire Scott Bessent, nominated for U.S. Treasury Secretary, intends to divest his Bitcoin ETF assets to eliminate a conflict of interest. 

This is a standard procedure before assuming office, and the Bitcoin ETF assets are valued up to $500k.

It's crucial for public officials to eliminate any potential conflicts of interest before taking office. Scott Bessent's decision to divest his Bitcoin ETF assets demonstrates a commitment to transparency and ethical governance. This move sets a positive example for others in similar positions.