- Ripple CEO and other crypto leaders praised Scott Bessent’s appointment as Treasury Secretary.
- Key appointments highlighted the Trump administration’s commitment to advancing the digital-assets sector.
The U.S. Senate has officially confirmed Scott Bessent as the 79th Treasury Secretary, marking a significant shift in the nation’s financial landscape.
Known for his pro-crypto stance, Bessent’s appointment signals a more progressive approach toward digital assets under the Trump administration.
The confirmation, secured with a decisive 68-29 vote, underscores his strong reputation in the financial world, with Senator Mike Crapo describing him as,
“One of the sharpest minds in global finance.”
Taking over from Janet Yellen, Bessent is expected to play a pivotal role in shaping fiscal policy.
He will oversee the $28 trillion Treasury debt market, and navigating pressing issues such as tax cuts, regulatory reforms, and the evolving framework for digital assets.
Crypto community’s reaction to this news
This decision was widely praised by members of the crypto community. Notably, Ripple CEO Brad Garlinghouse took to X and noted,