Trump to Nominate Scott Bessent as Treasury Secretary, Replacing Janet Yellen

Nov 12, 2024, 02:57 AM

President-elect Donald Trump plans to nominate Scott Bessent as Treasury Secretary, according to multiple sources, including the Epoch Times. Bessent, a billionaire hedge fund investor, has a notable background including interning with Jim Rogers, co-founder of Soros Fund Management, and receiving seed capital from George Soros for his fund, Key Square. Polymarket odds show Bessent as the leading candidate with an 80% chance of nomination. Bessent is known for his pro-crypto stance, particularly his support for Bitcoin. He is expected to replace Janet Yellen in this role.