U.S. President-elect Donald Trump announced that he has nominated Scott Bessent, a hedge fund manager, for the position of Treasury Secretary. Trump shared the news on his platform Truth Social.

“Scott has enormous credibility as a leading international investor and strategist in economics and geopolitics. His journey is the embodiment of the American Dream,” said Trump.

In 2015, Bessent co-founded Key Square Capital Management. Prior to that, he worked at Soros Capital Management, George Soros’ company, where he served as the Chief Investment Officer from 2011 to 2015.

Bessent has previously expressed positive views on cryptocurrencies in an interview with Fox Business. According to him, Trump’s support for the crypto industry aligns perfectly with the principles of the Republican Party.

“Cryptocurrencies represent freedom in the crypto economy, which isn’t going away. Democrats are trying to distance themselves from this to erase the traces left by Sam Bankman-Fried’s donations and his family’s company,” Bessent stated.

He also noted that one of Bitcoin’s strengths is its ability to attract younger investors after the 2007-2009 global financial crisis.

According to CNN, Trump is considering Kelly Loeffler, the former CEO of Bakkt, for the position of Secretary of Agriculture. Loeffler could also become a co-chair of the inaugural committee.

At the same time, Trump has officially nominated Brooke Rollins, the head of America First Policy Institute, for this role.

“Several meetings have taken place between Loeffler and the transition team regarding this position,” CNN reports.

A decision on the appointment has not yet been made, the journalists added.

Loeffler’s husband, Jeff Sprecher, is the co-founder and chairman of Intercontinental Exchange, the company that owns NYSE and founded Bakkt in 2018.

According to Financial Times, Trump Media and Technology Group, which is controlled by Trump, is close to finalizing a deal to acquire Bakkt. The company is facing financial difficulties and needs to attract new capital to continue operations.

It’s worth noting that Trump is actively seeking cryptocurrency supporters in his administration. Among the candidates for key positions are Bitcoin advocates such as Robert F. Kennedy Jr. (Health Department), Pete Hegseth (Defense Department), and Howard Lutnick (Treasury Department).

Trump’s transition team is also considering the creation of a special position of “Crypto Czar” to oversee digital assets within the administration.