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Notable exchange between Rep. Sean Casten (D-Ill.) and Bessent on how exactly Treasury is holding Venezuelan assets “in custody” post Maduro capture. It’s the most detailed exchange on these mechanics I’ve seen.

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Brendan Pedersen

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912,272 Aufrufe • vor 7 Monaten •via X (Twitter)

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CASTEN: Trump said 'we're taking in billions and billions of dollars from Venezuela.' Who is the 'we'? That suggests flows to US persons BESSENT: Again, this is one of the largest assets ever to go on the US balance sheets CASTEN: You can't testify whether or not they're flowing to US persons? BESSENT: No
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Rep. Casten: “President Trump said…we’re taking in a lot of money, billions of dollars from Venezuela…He seemed to imply that we, the U.S. people, are taking in money to offset those costs. That would suggest flows to U.S. persons.” Bessent: “This is one of the largest assets to ever go on the U.S. balance sheet.” Rep. Casten: “You can't testify as we sit here whether or not those are flowing to U.S. persons?” Bessent: “Uh, no.”
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