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    Scott Bessent

    79th United States Secretary of the Treasury, U.S. Department of the Treasury

    Secretary of the Treasury, U.S. Department of the Treasury

    Background

    Scott Bessent has served as the 79th United States Secretary of the Treasury since 2025.

    The Senate confirmed him by a 68-29 vote on January 27, 2025.

    Previously, he was chief executive officer and chief investment officer of Key Square Capital Management, a global macro hedge fund he founded in 2015.

    About U.S. Department of the Treasury

    U.S. Department of the Treasury: U.S.

    Key facts

    Born
    August 21, 1962, in Conway, South Carolinasource
    Office
    79th United States secretary of the treasury, serving since 2025source
    Senate confirmation
    68-29 vote on January 27, 2025source
    Key Square Capital Management
    A global macro hedge fund he founded in 2015source
    Education
    Bachelor of Arts, Yale College, 1984source

    WYDE coverage of Scott Bessent

    WYDE Newsroom has published 12 articles about Scott Bessent, from Apr 2, 2026 to Nov 6, 2026. Scott Bessent is a named leader in 11 stories and the subject of 1 story. The most recent is Treasury Cuts Off MEXC Global Over $16 Billion in Illicit Transactions Tied to Iran, Russia and North Korea.

    Crypto & DeFi

    Treasury Cuts Off MEXC Global Over $16 Billion in Illicit Transactions Tied to Iran, Russia and North Korea

    FinCEN's Nov. 6 order bars U.S. financial institutions from any funds transfer to or from MEXC Global. Treasury says the crypto exchange moved at least $16 billion tied to sanctions evasion and cybercrime from May 2021 to May 2026.

    Nov 6, 2026 · 4 min read · Quoted or named as leader

    Government & Fraud

    Treasury Identifies $270 Million in Suspicious Activity Potentially Linked to Federal Student Aid Fraud

    FinCEN identified approximately $270 million in suspicious financial activity potentially linked to fraud against federal student aid programs and referred the findings to federal investigators.

    Oct 24, 2026 · 4 min read · Quoted or named as leader

    Crypto & DeFi

    The Treasury Proposes Its First Major GENIUS Act Stablecoin Rule, One Month After the Law's Deadline Passed

    The Treasury's notice of proposed rulemaking defines what it means to issue a payment stablecoin in the United States, and opens a 60-day comment period that closes October 19.

    Aug 18, 2026 · 2 min read · Quoted or named as leader

    Global Affairs

    Japan and the US Confirm the First Joint Yen Intervention in 15 Years

    Japan's finance ministry confirmed Monday that it bought yen jointly with the US Treasury after a slide to 40 year lows near 164 per dollar, with BOJ data pointing to roughly $59 billion deployed Thursday and more in Friday's joint round.

    Aug 4, 2026 · 2 min read · Quoted or named as leader

    Crypto & DeFi

    The Treasury Sanctions Two Iranian Firms Over a Bitcoin Ship Insurance Scheme in the Strait of Hormuz

    OFAC designated Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority on July 31, calling the bitcoin-priced coverage extortion because it insured ships against seizure risks the Treasury says Iran itself creates.

    Aug 2, 2026 · 3 min read · Quoted or named as leader

    AI

    The White House Accuses Moonshot of Distilling Anthropic's Fable as Treasury Weighs Sanctions

    Michael Kratsios says the Chinese lab ran large-scale distillation against U.S. AI models and tapped banned Nvidia GB300 chips in Thailand, and Treasury Secretary Scott Bessent says sanctions and Entity List designations are on the table.

    Jul 24, 2026 · 2 min read · Quoted or named as leader

    Philanthropy

    Trump Accounts Go Live on July 4 With $1,000 Deposits for Newborns

    The Treasury launched Trump Accounts nationwide on the country's 250th anniversary, with more than 6 million accounts already open, a $1,000 pilot deposit for babies born 2025 through 2028, and over 50 employers pledging contributions.

    Jul 5, 2026 · 2 min read · Quoted or named as leader

    WYDE Weekly

    BitMart. Hunger Network. EAT Street Team. Card. 33,000 meals.

    The week Impact Summer started, $EAT held the line, and the Card got a date.

    May 1, 2026 · 6 min read · Quoted or named as leader

    Philanthropy

    DOJ Stands Up National Fraud Division and IRS Targets Fiscal Sponsorship in Same Month

    The DOJ launched the National Fraud Enforcement Division on April 7 and Treasury announced revisions to IRS Form 990 on April 23, building the federal infrastructure to surface what on-chain models already publish by default.

    May 1, 2026 · 3 min read · Quoted or named as leader

    WYDE Weekly

    We signed Feed the Children. The White House debunked the banks. Iran priced Hormuz in Bitcoin. 20,000 meals.

    $EAT hit #1 on Base at +150%. Three states signed the DUNA Act. Schwab opened crypto to 38.9 million accounts. The FDIC is implementing stablecoin rules Monday. Here's the full week.

    Apr 13, 2026 · 7 min read · Subject of the story

    Crypto & DeFi

    Treasury Secretary and SEC Chair Publicly Push CLARITY Act to Trump's Desk as Senate Markup Deadline Nears

    Treasury Secretary Scott Bessent and SEC Chair Paul Atkins pushed the CLARITY Act to Trump's desk this week as the Senate Banking markup deadline nears.

    Apr 13, 2026 · 3 min read · Quoted or named as leader

    Government & Fraud

    Treasury Proposes Paying Whistleblowers Up to 30% for Reporting Fraud and Sanctions Violations

    FinCEN proposed rules to pay whistleblowers 10-30% of sanctions over $1M for reporting fraud, money laundering, and sanctions violations through its new portal.

    Apr 2, 2026 · 3 min read · Quoted or named as leader

    Reported alongside Scott Bessent

    Sources

    Follow the money in philanthropy.

    Who gives, who receives, and what it funds. Every week.