The Senate voted to confirm investor and billionaire hedge fund manager Scott Bessent to serve as President Donald Trump’s Treasury

The first openly gay person in the role has the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn’t jeopardize growth.

The U.S. Senate has officially confirmed Scott Bessent as the 79th Treasury Secretary, marking a significant shift in the nation’s financial landscape. Known for his pro-crypto stance, Bessent’s appointment signals a more progressive approach toward digital assets under the Trump administration.