Who is Scott Bessent — Potential U.S. Treasury Secretary
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Scott Bessent, 62, hedge fund manager and former associate of George Soros, emerges as a leading candidate for U.S. Treasury Secretary following John Paulson's withdrawal on November 15, 2024; Bessent has a pro-crypto vision, viewing Bitcoin as essential for economic growth and financial freedom; he has historical ties to Donald Trump and has been a key financial backer since the 1980s; Bessent founded Key Square Group in 2015, raising over $4.5 billion; his potential appointment aligns with Trump's focus on innovation and tech; Howard Lutnick, CEO of Cantor Fitzgerald, poses a last-minute challenge for the role; betting markets favor Bessent with a 64% nomination probability.

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