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CryptoPanic

Trump's Treasury Pick Scott Bessant Pours Cold Water on US Digital Dollar Initiative

Scott Bessent told the Senate he saw 'no reason' for the U.S. to pursue a central bank digital currency, aligning with Trump's past comments.

Bitcoin Ethereum News

Treasury Secretary Scott Bessent Opposes U.S. Central Bank Digital Currency

The Treasury Secretary candidate, Scott Bessent, strongly opposed U.S. digital dollars in a Senate hearing and supported Trump’s anti-CBDC stance. The U.S. may stop studying digital currency plans as other countries advance. Reversing current federal policy, Trump’s candidate for Secretary of the U.S. Treasury’s entry says no to the digital dollar: what it means for the future of cryptocurrencies was first published in La Cryptocurrency.

El candidato a secretario del Tesoro, Scott Bessent, se opuso firmemente a los dólares digitales estadounidenses en una audiencia en el Senado y respaldó la postura anti-CBDC de Trump. Estados Unidos puede dejar de estudiar planes de moneda digital mientras otros países avanzan. Revirtiendo la política federal actual, el candidato de Trump a Secretario del […] La entrada El candidato del Tesoro de Trump dice no al dólar digital: lo que significa…

El candidato del Tesoro de Trump dice no al dólar digital: lo que significa para el futuro de las criptomonedas - La Criptomoneda

La Criptomoneda

Trump's Treasury candidate says no to the digital dollar: what it means for the future of cryptocurrencies - The Cryptocurrency

Treasury Secretary nominee Scott Bessent strongly opposed U.S. digital dollars at a Senate hearing and backed Trump’s anti-CBDC stance. The U.S. may stop studying digital currency plans while other countries move forward. Reversing the current federal policy, Trump’s nominee for Treasury Secretary, Scott Bessent, openly dismissed the prospect of a U.S. central bank digital currency

Crypto News Flash

Trump’s Treasury Nominee Says No to Digital Dollar—What It Means for the Future of Crypto

US Treasury Nominee Scott Bessant Dismisses Need for Central Bank Digital Currency Introduction The concept of a central bank digital currency (CBDC) has gained significant attention globally, with many countries exploring its potential. However, the United States may be taking a different approach. Scott Bessant, nominated by President-elect Donald Trump to lead the Treasury Department, has expressed his skepticism about the need for a US CBDC.…

coinbuzzfeed.com

Trump's Treasury Pick Dismisses US Central Bank Digital Currency

President-elect Donald Trump’s pick for Treasury Secretary does not think that the US needs to launch a central bank digital currency (CBDC). During his nomination hearing on Thursday, Scott Bessent told the Senate Finance Committee that, unlike other countries, the US will not gain much from rolling out a digital dollar. “On CBDCs, I see no reason for the US to have a central bank digital currency.  In my mind, a central bank digital currency i…

The Daily Hodl

Trump’s Choice for Treasury Secretary Sees ‘No Reason’ for the US To Roll Out a Central Bank Digital Currency - The Daily Hodl

Treasury Secretary Scott Bessent Opposes U.S. Central Bank Digital Currency Scott Bessent, the Treasury Secretary under Donald Trump’s administration, has voiced his opposition to the creation of a U.S. Central Bank Digital Currency (CBDC). According to Watcher Guru on X, Bessent stated that the federal government has no justification for launching a CBDC, raising questions about its potential risks and necessity. This statement reflects a broad…

Bitcoin World

TLDR 
Trump’s Treasury Secretary nominee Scott Bessent firmly opposed US CBDC development during Senate confirmation hearing Bessent’s stance aligns with Trump’s previous promise to “never allow” a US CBDC if reelected Currently 134 countries, representing 98% of global GDP, are exploring CBDCs The House passed the Anti-Surveillance State Act in May 2024 to restrict Federal Reserve from issuing digital currencies Fed Chair Powell stated in Augus…

Blockonomi

Trump's Treasury Choice Pulls Plug on US Digital Currency Push

Scott Bessent, nominated by President-elect Donald Trump to lead the Treasury Department, has firmly dismissed the need for a US central bank digital currency (CBDC).

Treasury Secretary Scott Bessent Opposes U.S. Central Bank Digital Currency

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