Scott Bessent, the hedge-fund manager chosen by President-elect Donald Trump to lead the Treasury Department, has outlined his plans to address potential conflicts of interest if confirmed by lawmakers. In a letter to Treasury’s ethics officials, Bessent pledged to divest from numerous investments and resign from his firm.
As part of his commitment to transparency and ethical conduct, Bessent disclosed assets valued at over $500 million, including stocks, bonds, cash, bitcoin, real estate in the Bahamas, and farmland in North Dakota. He also revealed his intention to step down from Key Square Group, the hedge fund he founded in Connecticut, and sell his partnership stake within 90 days of confirmation.
