Scott Bessent, a billionaire hedge fund manager, has been confirmed as the 79th U.S. Treasury Secretary under President Donald Trump. Crypto leaders, including Ripple's Brad Garlinghouse, are celebrating his pro-innovation stance and anticipate major policy shifts. Bessent's confirmation is expected to bring significant changes to cryptocurrency policies and create a clear regulatory framework for digital assets. President Trump has shown consistent support for cryptocurrency and his administration has nominated individuals supportive of digital assets to key regulatory positions. These developments signal a more accommodating environment for cryptocurrency innovation in the U.S., with expectations of clearer regulations and increased support for the tech sector.



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