On January 12, it was reported that if approved by the US Senate, US Treasury Secretary Scott Bessent, nominated by President-elect Trump, will resign from Key Square Group and sell his shares to avoid conflicts of interest. According to a document released by the Office of Government Ethics, Bessent's resignation will take effect immediately after his appointment as Treasury secretary. Within 90 days of Senate approval, he will sell his stake in Key Square Group, the macro hedge fund he founded and leads.