Breaking news from the capital, folks! 🚨 The US Senate, in a somewhat surprising turn of events, has confirmed Scott Bessent, the billionaire with a penchant for cryptocurrency, as the new Treasury Secretary. 🤑✨ That’s right, the man who thinks digital coins are the new gold rush is now in charge of America’s financial playground. 🎢🚀
You might remember him as the guy who once proclaimed that cryptos are “symbols of freedom” and that the digital asset economy is here to stay. 🦅💰 But wait, there’s more! Bessent is also known for his aversion to central bank digital currencies, calling them unnecessary and likening them to a country’s last resort. 🙅♂️🚫
And guess who was thrilled about this appointment? None other than Ripple‘s CEO, Brad Garlinghouse, who took to social media to sing Bessent’s praises. 🎤👏 “I’m confident he’ll bring common sense and innovation to the Treasury,” Garlinghouse tweeted. We’ll see about that, won’t we? 😜👀
Aside from his love for all things crypto, Bessent is expected to champion Trump’s economic policies, including those hefty tariffs and tax cuts. 💰🔥 He even wants to slap a universal import tax on everything coming into the US, which could escalate up to a whopping 20%. 🤯📈 But don’t worry, he promises it won’t cause inflation because… oil. 🛢️🤷♂️
As the Treasury Department braces itself for this new era, we can only wonder what Bessent’s policies will do to our economic landscape. Will he lead us to a crypto utopia or will we end up with a fiscal headache? Only time will tell. 🕰️🔮
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2025-01-28 11:00