President-elect Donald Trump's nominee for Treasury Secretary, Scott Bessent, plans to divest assets, including Bitcoin ETFs, to prevent conflicts of interest. His ethics agreement reveals holdings exceeding $700 million, with BTC ETF investments valued at up to $500,000. Other potential conflicts include a $50 million margin loan with Goldman Sachs, a Chinese currency trading account, and a stake in conservative publisher All Seasons. Bessent pledged to avoid conflicts if confirmed. Bessent is a pro-crypto advocate, who supports tax reform, deregulation, and a strong dollar policy.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President-elect Donald Trump's nominee for Treasury Secretary Scott Bessett plans to
00:05divest assets, including Bitcoin ETFs, to prevent conflicts of interest.
00:09His ethics agreement reveals holdings exceeding $700 million,
00:12with Bitcoin ETF investments valued at up to $500,000.
00:16These other potential conflicts include a $50 million margin loan with Goldman Sachs,
00:20a Chinese currency trading account, and a stake in conservative publisher All Seasons.
00:24Bessett pledged to avoid conflicts if confirmed, and Bessett is a pro-crypto advocate
00:28who supports tax reform, deregulation, and a strong dollar policy.
00:32For all things money, visit Benzinga.com slash GSTV.