Treasury Secretary Scott Bessent Appoints Judy Shelton as Adviser on Currency Policy

Former Federal Reserve Board nominee Judy Shelton has officially joined the U.S. Treasury Department as an adviser to Treasury Secretary Scott Bessent. Her mandate will specifically focus on currency policy and assessing financial conditions in China. Shelton, previously nominated to the Fed by President Donald Trump in 2019 before being blocked by the Senate, has advocated for gold-backed monetary systems while expressing skepticism about cryptocurrencies as reliable stores of value. Major cryptocurrencies, including Bitcoin and XRP, showed no immediate price reaction following the formal announcement.