Donald Trump has nominated Scott Bessent, a Wall Street financier and former associate of George Soros, to lead the US Treasury Department. Bessent, an early supporter of Trump’s 2024 campaign, is expected to prioritize the extension of tax cuts and navigate critical trade policies. Known for his moderate stance on tariffs and strong advocacy for cryptocurrency, Bessent’s appointment is seen as an attempt to balance conventional economic practices with the current administration’s protectionist agenda.