Scott Bessent, chosen by Trump as the Secretary of Treasury, will divest his interests in Bitcoin ETF

Billionaire hedge fund manager Scott Bessent has been chosen by Trump as the Secretary of Treasury, and he has expressed appreciation for cryptocurrencies. Scott Bessent stated in July last year: "Cryptocurrency represents freedom, the cryptocurrency economy will continue to exist, I think Bitcoin has unlimited potential." According to a financial disclosure document submitted last month, Scott Bessent holds shares in BlackRock's Bitcoin exchange-traded fund (ETF), valued between $250,000 and $500,000. In a letter written to the U.S. Department of Treasury last week, Scott Bessent wrote that he would divest his interests in this fund and other investments within 90 days after receiving nomination. Currently, Scott Bessent has not responded to requests for comment.