U.S. Treasury Secretary Bessent reportedly confirmed at a private mining CEO dinner that the U.S. holds $17 billion worth of Bitcoin (BTC).
White House officials have confirmed that Billy Long, a former Missouri congressman who has been criticized by Democratic lawmakers for his lack of tax policy experience, will step down as director of the Internal Revenue Service less than two months after taking office, and that Treasury Secretary Scott Bessant will take over as director of the agency. In his second term, Trump has replaced several IRS leaders and cut the number of tax enforcers who were funded under Biden.
Market news: Trump appears to have told U.S. Treasury Secretary Vincent Bescent that he prefers him to Powell.
U.S. Treasury Secretary Vincent Bescent: We are committed to policies that promote a stronger dollar.
US Treasury Secretary Vincent Bescent: We oppose currency manipulation.
U.S. Treasury Secretary Vincent Bescent: The stock market situation is part of President Trump's daily information.
US Treasury Secretary Vincent Bescent: We are committed to policies that promote a strong dollar, and we oppose currency manipulation. Trump's policies will ultimately lead to a strong dollar.