TechFlow news — On January 12, according to Bloomberg, Scott Bessent, President-elect Trump's nominee for Treasury Secretary, has pledged to sell all his stakes in Key Square Group, the macro hedge fund he founded, within 90 days of receiving Senate confirmation.
Documents disclosed by the U.S. Office of Government Ethics show that Bessent holds personal assets worth at least $521 million, including Bitcoin ETF investments valued at no more than $500,000, which will also be divested. The Senate hearing is scheduled for January 16. Bessent’s primary holdings include U.S. Treasury securities, Invesco funds, foreign exchange positions, Bahamian real estate, and art collections.
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