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Scott Bessent Ready to Sell Hedge Fund Shares When Serving as US Treasury Secretary

US Treasury Secretary nominee Scott Bessent said he would sell his shares in Key Square Group within 90 days of being approved by the Senate to avoid conflicts of interest.

In addition, he will sell various other assets, including funds related to the US dollar exchange rate and Bitcoin (BTC)-based ETFs. Bessent is also known to have investments worth US$521 million that will be divested, including art and property assets in the Bahamas.

Thus, Bessent also stated that he would comply with government regulations regarding the avoidance of conflicts of interest and is ready to realize policies with full responsibility. On the other hand, Bessent is expected by many parties to provide clear guidance regarding cryptocurrency regulations.

The reason is, policies that are friendlier and support cryptocurrency can increase investor confidence in digital assets, such as Bitcoin and other tokens.

-# Image Source: Bloomberg