Scott Bessent, the newly confirmed top financial official in Donald Trump's administration, will be involved in fulfilling the president's crypto directives. Bessent, a former hedge fund manager and digital assets enthusiast, will be part of the team responsible for overseeing the crypto sector. Trump's agenda, focused on tax cuts, may push crypto down the priority list, but the president has included it in his executive orders. Bessent will lead the Treasury's role in a governmental working group tasked with developing US crypto policy. He will also be responsible for reversing the crypto work initiated by his predecessor, Janet Yellen. Additionally, Bessent oversees the Financial Crimes Enforcement Network, which has targeted illicit crypto activities such as human trafficking and child exploitation.



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