Trump’s Treasury Pick Frontrunner Scott Bessent Could Shift Wall Street, Crypto
Prominent macro hedge fund manager Scott Bessent is emerging as the frontrunner for Treasury Secretary in President-elect Donald Trump‘s administration.
According to betting markets, Bessent has surged well ahead of other contenders, positioning him as a top pick for the critical role at the Treasury.
Betting Markets Favor Bessent For Treasury
As of Nov. 12, betting odds on CFTC-regulated platform Kalshi show Bessent with an 82% probability of securing the nomination, followed by John Paulson at 7% and Jay Clayton at 3%.
Bessent’s background as a successful hedge fund manager with a macroeconomic focus appears to resonate with Trump’s key advisers.
Bessent currently leads Key Square Group, a Connecticut-based hedge fund with assets under management (AUM) of approximately $307 million.
Bessent’s Take On Crypto: ‘Crypto Is About Freedom’
In July, Bessent made headlines with his bullish views on cryptocurrency, signaling he could be …
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