Scott Bessent, Trump’s Treasury Secretary nominee, holds a $250K-$500K stake in BlackRock’s Bitcoin ETF (IBIT), part of a $521M portfolio. If confirmed, he must divest several assets, including his Bitcoin ETF holdings, within 90 days to comply with ethical standards. Bessent, a crypto advocate, will also resign from his hedge fund, Key Square Group. His confirmation hearing is set for January 16, 2025, where he’ll play a key role in shaping fiscal policies under the Trump administration.