[2025-01-13] The latest IT, economic, blockchain and coin news
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2025-01-13 | Curator: CryptoTerminal
Treasury Pick Scott Bessent to Divest BlackRock Bitcoin ETF Before Trump's Inauguration
With just a week to go before President-elect Donald Trump’s inauguration, Scott Bessent, the billionaire hedge fund manager and nominee for Treasury Secretary, is preparing to divest various assets, including his stake in BlackRock’s Bitcoin ETF (IBIT). The divestment follows Federal ethics guidelines, which require nominees to sell specific holdings within 90 days of Senate confirmation to prevent conflicts of interest. BlackRock’s Bitcoin ETF, managing over $50 billion in assets, is the worl...