The United States Senate has confirmed the election for President Donald Trump’s Treasury Secretary, a supporter of Crepto pro -Scott Basant. South Carolina -based billionaire hedge fund manager will preside over the country’s tax collection and its 28 trillion treasury loan markets, including financial policy, financial rules, international sanctions and investment from abroad. Is

Basit confirmed January 27 in favor of 29 Senate votes against 29, with 16 Democrats supporting the nomination.

The 62 -year -old was a major donor, a fundraiser, and economic adviser for Trump’s 2024 presidential campaign, and was awarded the nomination for the President’s Treasury Secretary last November.

Earlier, he expressed auxiliary views about digital assets, he told Fox’s business last July that he was “excited about embracing the president’s crypto, and I think it Republican Fits very well with the party.

Earlier, during his nomination hearing in January, Basant also spoke against the issuance of a central bank digital currency (CBDC) – in addition to Trump’s most serious blockchain policies – saying that He had seen the United States “no reason”.

“In my mind, a central bank digital currency is for countries that have no other investment alternative,” Basant said.

On Monday, his comments focused more on non -crypto issues, saying that government spending “is” out of control “and failure to renew $ 4 trillion in tax deductions ended later this year. There will be “destruction” for. Along with the Americans, it will help to deal with incompetent trade ways, increase revenue, and to exploit the US in international negotiations.

Referring to the sources familiar with the matter, in terms of specific policies, the new Treasury Secretary is expected to apply 2.5 % Universal tariff to US imports, which increases by more than 20 % each month.

Under Trump’s January 23 Executive Order of the “Digital Financial Leadership”, the Treasury will also be part of the “Presidential Working Group on Digital Asset Markets” to eliminate a strategy for the US digital asset policy.

In this way, the Federal Regulatory Framework for Basant Digital Assets will be involved in developing, including Stabrics, and the establishment of a “strategic national digital asset reservoir”.

Basant’s confirmation met with the approval of some notable digital asset industry data, including Ripal CEO Brad Garling House, who congratulated the billionaire hedge fund manager on X.

“I am confident that they will enforce general understanding economic policies, which will work with the administration and the Congress, the US -tech and crypto innovation,” said the Garling House.

Departure from previous secretary

Once he took office, the former president, who appointed Biden’s Democratic, will officially take over from the former Treasury Secretary, Janet Elin. In this period, Elin’s approach to the digital asset space was far more cautious than the basant.

On April 7, 2022, addressing the American University’s Coogod School of Business Center for Innovation, Elin first recognized the growing impact of digital assets on the US economy, while outlawing a number of policy purposes, including –

“First, the American financial system benefits from responsible innovation. Second, it is often the weak in the society, which is the most prone to the economic crisis when the code of conduct is not growing at the same pace as innovation. Third, the rules should focus on activities and danger, not technology. Fourth, the main focus of an independent money working financial system. And for the fifth, it will have a concerned public and private dialogue between different groups to move forward.

Elon also presented the possibility of issuing CBDC, or digital dollars, while keeping in mind that it could also provide financial policy, national security, and international trade as well as its usefulness for consumers. – According to Elin, solving such issues was a “engineering challenge that would require the development of years, not months but years.”

However, even the Treasury indicator in search of CBDC was enough to persuade considerable reaction, which included Trump that the formation of CBDC if re -elected was not allowed. Will give, many states are moving forward to stop the CBDC, and to prevent the approval of the federal bill. CBDC’s issuance without a clear Congress permission, CBDC Anti -Surveillance State Act.

As well as bringing significantly more Gang toThe first approach to innovation for digital asset space monitoring, the basant will almost certainly put the cabinet for any US CBDC testing and development future.

Watch: Universal blockchain opens the future of asset payments

https://www.youtube.com/watch?v=cen6ybzqedc Title = “YouTube Video Player” frame border = “0” permission = “Excelrometer; AutoPlay; clipboard writing; encrypted media; giroscope; photo in the picture; web share” refrigerator “refrigerator-cross-cross-original” permission Name screen = “”>



Source link