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Scott Bessent, nominated by President-elect Donald Trump as the next Treasury Secretary, plans to sell his stake in BlackRock’s Bitcoin ETF (IBIT) valued between $250,001 and $500,000, as part of federal ethics guidelines requiring divestment within 90 days of Senate confirmation. While his investment has garnered support in the cryptocurrency community, there is uncertainty about whether he must divest this particular asset. Bessent's confirmation could signal a pro-cryptocurrency stance in the Treasury, contrasting with current Secretary Janet Yellen's critical view of Bitcoin.
Mathew Sigel
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Scott Bessent to divest Bitcoin ETF amid Treasury Secretary nomination
19:41 13.01.2025
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