Donald Trump has nominated openly gay hedge fund executive Scott Bessent as the next U.S. Treasury secretary.
Bessent is a former donor to Democrats and protege of billionaire philanthropist George Soros, who would be the first LGBTQ official to lead the Treasury Department and the second gay cabinet secretary after Transportation Secretary Pete Buttigieg.
The conservative LGBTQ group Log Cabin Republicans praised Trump’s selection in a statement, saying it is a reminder that Donal Trump also loves and support LGBTQ. They also stated that Bessent is a terrific choice who will be a strong asset in helping Trump achieve financial security and economic prosperity.
The statement read, “Trump’s selection of Bessent, who is also openly gay, married, and has two children with his partner, is also a reminder of President Trump’s love and respect for LGBT Americans.”
“Scott Bessent is a terrific choice to become the next Treasury Secretary and the Log Cabin Republicans applaud President Trump for his pick,” the organization wrote. “As one of the most brilliant minds in the financial space and a vocal supporter of President Trump’s economic agenda, Bessent will be a strong asset to help President Trump put America back on the path to financial security and economic prosperity.”
Equality Forum which is a national LGBTQ civil rights organization, noted that Bessent is highly regarded in the financial community and would be the highest ranking openly gay U.S. government official in American history if confirmed.
Bessent’s nomination has been seen as a significant milestone for LGBTQ representation in the U.S. government.
