Hedge fund manager Scott Bessent has been confirmed as the 79th secretary of the Treasury Department in a bipartisan Senate vote. The Senate voted 68-29 on Monday to confirm Bessent, who was President Donald Trump’s pick to succeed former Treasury Secretary Janet Yellen.

The U.S. Senate has confirmed Scott Bessent as the new Treasury Secretary, succeeding Janet Yellen. The confirmation came through a Senate vote on Monday, where Bessent received 68 votes in favor and 29 against. His nomination was put forth by President Donald Trump last November.

Bessent, a hedge fund manager, becomes the nation’s 79th Treasury secretary. He will lead President Trump’s economic agenda.

In an interesting update for the crypto industry, Scott Bessent was recently confirmed by the US Senate as the new Treasury Secretary.

The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trump's treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn't jeopardize growth.

With the national debt above $36 trillion, newly-confirmed Treasury Secretary Scott Bessent vowed to rein in government spending.

Key Takeaways On Monday evening, the Senate confirmed Wall Street veteran Scott Bessent as the Treasury Secretary.He replaces Janet Yellen in the White House's top financial job, overseeing the IRS, banking regulations,

President Trump is set to address the House Republicans at their annual policy retreat in Florida, while the Senate votes on the confirmation of his Treasury Department nominee, Scott Bessent.

The U.S. Senate confirmed Scott Bessent as Treasury Secretary in President Donald Trump’s administration. Bessent will play a central role in Trump’s economic agenda, focusing on tax policy and managing the nation’s debt and deficit.

While President Donald Trump continues to push orders to halt federal grant and loan payments, fire Inspectors General and purge transgender people from the military, some members of the U.S. Senate continue to fight Trump over his controversial cabinet nominations.