Scott Bessent will declare the sale of Bitcoin ETF shares after taking a position in the Treasury Department

BoredStaker · 2026-01-12T15:03:22+00:00

Scott Bessent's nomination as U.S. Treasury Secretary has garnered attention in the cryptocurrency community due to his positive stance on digital currencies. He previously highlighted Bitcoin’s potential for growth and committed to divesting his Bitcoin ETF position to avoid conflicts of interest.

BoredStaker

2026-01-12 15:03:22

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Scott Bessent’s nomination for U.S. Secretary of the Treasury by the Trump administration is attracting attention from the crypto community. The candidate, a well-known billionaire and hedge fund manager, has never hidden his positive stance on digital currency.

Words of support for cryptocurrency

As early as July last year, Scott Bessent publicly expressed his views on Bitcoin’s potential: “Cryptocurrency is a symbol of freedom, and the digital economy will grow. My opinion is that Bitcoin has unlimited growth potential.” These words indicate his open approach to the sector, which could be significant for future financial policies.

Commitment to sell assets

Financial disclosures revealed last month show that Scott Bessent holds a position in a Bitcoin ETF managed by BlackRock, valued at an estimated range of $250,000 to $500,000. To avoid conflicts of interest, he sent a letter to the U.S. Department of the Treasury, committing to sell these securities within 90 days of confirmation of the nomination.

So far, the candidate has not made any additional statements regarding this matter.

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