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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/scott-bessents-positive-outlook-on-cryptocurrency-as-potential-treasury-secretary/" data-wpel-link="internal">Scott Bessent’s Positive Outlook on Cryptocurrency as Potential Treasury Secretary</a> 
For four years, we have listened to Treasury Secretary Yellen’s poor views on <a href="https://en.coin-turk.com/arbitrum-and-optimism-experience-significant-transaction-growth/" data-wpel-link="internal">cryptocurrencies</a>. Moreover, her rhetoric has not been beneficial in preventing massive fiascos like FTX. In fact, before the collapse of FTX, Democrats were showcasing Sam Bankman-Fried as “America’s golden child” in Congress. Now, circumstances have changed considerably. 
<h2 style="text-align: justify" id="u-s-treasury-secretary-and-cryptocurrency">U.S. Treasury Secretary and Cryptocurrency</h2> 
Billionaire hedge fund investor Scott Bessent, long rumored to be a candidate for the Treasury Secretary position, has just been announced by Bloomberg. The latest report suggests that Trump is considering Scott for the Treasury Secretary role. Given his long-standing mention as a candidate, this official announcement is not surprising. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-409350 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/olasi-yeni-abd-hazine-bakani.png" alt="" width="908" height="558"> 
How does the new Treasury Secretary view cryptocurrencies, given Janet Yellen’s departure? Throughout the Trump campaign, he indicated a positive stance on cryptocurrencies and promised to eliminate regulatory nightmares. The individual he is considering for the Treasury aligns with this pledge. Previously, Scott expressed the following about cryptocurrencies: 
<blockquote> 
 “I am excited about the President embracing <a href="https://en.coin-turk.com/crypto-market-sees-surge-in-new-tokens/" data-wpel-link="internal">crypto</a>, and I think it aligns very well with the Republican Party; crypto is about freedom, and the crypto economy is here to stay. 
 I believe everything is on the table with Bitcoin . One of the most exciting things about Bitcoin is how it brings together young people and those who have not participated in markets before. Developing a market culture in the U.S. where people believe in a system that works for them is vital to capitalism.” 
</blockquote> 
The post <a href="https://en.coin-turk.com/scott-bessents-positive-outlook-on-cryptocurrency-as-potential-treasury-secretary/" data-wpel-link="internal">Scott Bessent’s Positive Outlook on Cryptocurrency as Potential Treasury Secretary</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Scott Bessent’s Positive Outlook on Cryptocurrency as Potential Treasury Secretary

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