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BitcoinSistemi 2025-01-28 08:12:08

Positive News for Bitcoin (BTC) and Cryptocurrencies Came from the US Senate! Here Are the Details…

Positive News for Bitcoin (BTC) and Cryptocurrencies Came from the US Senate! Here Are the Details…

US President Donald Trump officially took office last week and signed many executive orders. Trump, who also signed executive orders regarding cryptocurrencies, is also waiting for the US Senate to approve his appointments for critical positions. US Senate Confirms Scott Bessent as Treasury Secretary! At this point, the first news came. The US Senate confirmed Donald Trump's nominee for US Treasury Secretary, billionaire hedge fund manager Scott Bessent. The Senate confirmed Scott Bessent on January 27 by a vote of 68-29, with 16 Democrats supporting Bessent's nomination. Billionaire hedge fund manager Scott Bessent will replace current Treasury Secretary and former Federal Reserve Chair Janet Yellen and will have sway over fiscal policy, financial regulation, international sanctions and overseas investment as US Treasury Secretary. Scott Bessent says he will pursue pro-crypto policies, end CBDC talks, and FinCEN oversight. The crypto-pro-conservative Bessent will also help develop a crypto regulatory framework and consider the creation of a “strategic national digital asset stockpile” as part of a presidential working group formed last week. Bessent’s confirmation by the Senate was welcomed by the cryptocurrency community, with Ripple CEO Brad Garlinghouse congratulating Bessent on his X account, saying: “Congratulations to our newly confirmed Treasury Secretary Scott Bessent! He will be a great leader for Americans. I am confident he will implement common sense economic policies and work with the Administration and Congress to grow tech and crypto innovation in the United States.” *This is not investment advice. Continue Reading: Positive News for Bitcoin (BTC) and Cryptocurrencies Came from the US Senate! Here Are the Details…

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