Loading...
Market
What will be Scott Bessent's first major policy initiative as Treasury Secretary?
2
Resolution / Starting Odds
Cryptocurrency regulation • 25%
Trade policy realignment • 25%
Tax reform • 25%
Other • 25%
Public announcements and policy documents from the US Treasury Department
Story
Scott Bessent Discloses $500,000 Bitcoin ETF Holdings and $521 Million Portfolio as Incoming Treasury Secretary
Jan 12, 2025, 04:32 PM
Scott Bessent, the nominee for U.S. Treasury Secretary under President Donald Trump, has disclosed personal holdings of up to $500,000 in BlackRock's Bitcoin ETF. Bessent plans to divest from this investment before officially taking office. His portfolio, valued at approximately $521 million, includes various global assets and reflects a growing institutional interest in cryptocurrencies. The disclosure has sparked discussions regarding the implications of having a Treasury Secretary with direct exposure to Bitcoin, suggesting a potential shift in the government's approach to digital assets. Bessent's comments indicate that he believes a significant realignment in global policy and trade is on the horizon.
View original story
Similar markets
Tax Reform • 25%
Financial Deregulation • 25%
Trade Policy • 25%
Cryptocurrency Regulation • 25%
Deregulation • 25%
Other economic policies • 25%
Tax cuts • 25%
Cryptocurrency adoption • 25%
No Significant Change • 25%
Mixed Reaction • 25%
Positive Reaction • 25%
Negative Reaction • 25%
Asia • 25%
Middle East • 25%
Other • 25%
Europe • 25%
Implementing tax cuts • 25%
Reining in budget deficit • 25%
Reducing federal debt • 25%
Strategic tariffs • 25%
Becomes contentious • 25%
Weakens • 25%
Remains the same • 25%
Strengthens • 25%
Other • 25%
Financial Regulation • 25%
Debt Management • 25%
Tax Reform • 25%
Tax reform • 25%
Other • 25%
Pandemic relief measures • 25%
Infrastructure investment • 25%
