Scott Bessent’s confirmation hearing on January 16, 2025, is vital for establishing his role in economic policy. He is expected to face significant divestment requirements due to his holdings in BlackRock’s Bitcoin ETF, which could influence his position.
Bessent’s total financial assets are around 521 million USD, featuring a diverse range of investments, including significant stakes in various ETFs. Concerns have been raised regarding the necessity of selling his Bitcoin ETF holdings during the divestment process.