Bessent will divest his interests in the fund and other investments within 90 days of his confirmation, he wrote last week to the U.S. Treasury.Bessent did not respond to a request for comment.HOWARD LUTNICKTrump's choice for Secretary of Commerce is a vocal supporter of bitcoin.

President-elect Donald Trump is planning to release an executive order elevating crypto as a policy priority and giving industry insiders a voice within his administration, according to people familiar with the plans.

In December, Trump tapped Paul Atkins to lead the Securities and Exchange Commission. Atkins, a former SEC commissioner under President George W. Bush, has worked recently on digital assets and is set to replace Gary Gensler, who is seen by many as a crypto critic.