The U.S. Senate has confirmed that President Donald Trump has been selected. South Carolina’s billionaire hedge fund manager moderates the national tax collection and $ 28 trillion financial debt markets to maintain the impact on fiscal policy, financial regulations, international sanctions, and overseas investment.
Basset was advantageous to 29 on January 27 with 68 Senate votes, and 16 Democrats supported the nomination.
The 62 -year -old was a major donor, fundraising and economic advisor in Trump’s 2024 presidential election, and was rewarded last November by the President’s Finance Secretary.
He had previously expressed his support from digital assets, saying in July last year that he was “excited about the President’s Crypto’s hug.” I think it is very suitable for the Republican Party. Cryptography is related to freedom, and the cryptographic economy stops here. “
In a hearing nominated in the early January, Bessent also talked to the issuance of the central bank’s digital currency (CBDC) (another intense blockchain policy of Trump).
“In my opinion, the central bank digital currency is for countries with no other investment options,” said Bessent.
On Monday, his comments focused on non -crypto issues, the government expenditure was “inoperable”, and it was impossible to renew the $ 4 trillion tax reduction at the end of this year, “disaster” for the middle class. He said. Americans argue that customs duties will fight unfair trade practices, increase their income, and to strengthen US leverage in international negotiations.
Regarding specific policies, the new Secretary of Finance is expected to apply 2.5 % of the United States imports of 2.5 %.
Under Trump’s January 23, under the Presidential Ordinance of the Digital Financial Leadership, the Ministry of Finance has become part of the Digital Asset Market Presidental Work Group to identify US digital asset policy strategies. Masu.
Thus, Bessent is involved in the development of federal regulation frameworks for digital assets, including StableCoins, and the evaluation of the creation of strategic national digital asset stockpiling.
The Bessent confirmation was approved by several remarkable digital asset industries, including Ripple CEO’s Brad Garlinghouse, which blessed the billionaire hedge fund manager in X.
“I am convinced that he has enacted a general economic policy and cooperates with the administration and parliament to grow US technology and cryptographic innovation,” said the Galling House.
Departure from the previous secretary
When he was appointed, Bessent officially took over by Former Democratic Party, Finance Secretary Janet Jeren, appointed Democratic Party. The Jeren approach to the digital asset space during his employment was particularly more cautious than Bessent’s discussion.
On April 7, 2022, Jelen, who gave a lecture at the Kogod School of Business Center for Innovation in the United States, first recognized the increase in the effects of digital assets on the US economy, and exploded the following policy targets. 。
“First, US financial systems benefit from responsible innovation. Second, when regulations are not moving at the same pace as innovation, the most suffering of economic crisis is the vulnerability of society. Third, it is not a technology, but the fourth core of the financial system that works and the risk. You will go forward with a private dialogue.
Jeren also expanded the possibility of issuing CBDC or digital dollar, taking into account the impact on monetary policy, national security, international trade, and usefulness for consumers. According to Jelen, solving such problems was “engineering issues that require many years of development, not for several months.”
However, even the hints of the Ministry of Finance exploring CBDC, if Trump is re -elected, swearing not to allow CBDC, and some states that move to prevent CBDC. It was enough to encourage substantial rebound, such as swearing to hinder the passing of the bill. Delicious approval of Congress, CBDC anti -monitoring National Law, issuance of CBDC without the National Law.
Not only will you bring out the remarkable gunho and innovation first approach to monitoring digital asset spaces, but Bessent will almost certainly put a kibosh in the foreseeable future CBDC test and development.
Watch: Universal blockchain asset unlocks the future lock
Title = “YouTube Video Player” FrameBorder = “0” APLAS = “Accelerometer; Clipboard-Write; Picture; Web-Share “ReferrerPolicy =” Strict-Origin-WHEN-WHEN-CROSS- Origin “approakfullscreen =” “>