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.

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

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.

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

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,

Ky., said he predicts Lori Chavez-DeRemer will “lose 15 Republicans" due to her union-aligned views. Some business lobbyists are unhappy and mystified by the pick.

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.