2026-01-19 13:34:36

## Nominate for Secretary of the Treasury commits to selling cryptocurrency wallet

Scott Bessent, a well-known hedge fund manager, has been nominated to serve as Secretary of the Treasury and has made a commitment regarding his digital asset investment portfolio. In a statement from the Department of the Treasury issued last week, the financier declared that within ninety days of taking office, he will divest his holdings in Bitcoin ETF funds, as well as other investments of this nature.

Financial disclosures filed last month show that Bessent currently holds positions in BlackRock Bitcoin ETF products, valued between $250,000 and $500,000. The decision to divest these assets is a compliance requirement with ethical procedures for candidates holding high government positions.

Although Bessent previously expressed an optimistic outlook on the cryptocurrency ecosystem, describing Bitcoin as a symbol of financial freedom and emphasizing its unlimited growth potential, his current commitment stems from the demands of his public role. His involvement regarding his role in the Treasury has not yet received a detailed response from the individual himself.

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