According to the US political news website Politico, the Senate nomination hearing for Scott Bessent to serve as US Treasury Secretary is expected to be held on January 16. Mr. Bessent had previously reported a friendly stance towards cryptocurrencies such as bitcoin. In a previous crypto-related statement, Mr. Bessent said: "I am very excited about the president's embrace of cryptocurrencies and I think it fits very well with the Republican party. Cryptocurrencies represent freedom and the crypto economy is here to stay."