“America's ability to levy effective sanctions creates deterrence, saving us money by avoiding conflict, and it is the dollar's preeminent status that makes American sanctions effective. But that will only last so long as the dollar and our debt are attractive.”

American businessman and government official

Scott Bessent is an American businessman and government official. Born in 1962, he has served as the 79th United States secretary of the treasury since 2025. He was a partner at Soros Fund Management and later founded Key Square Group, a global macro trading firm. He is also the first openly gay person to lead the U.S. Treasury, and the highest-ranking LGBTQ government official in American history.