US Treasury Secretary Bessent Doesn't Favor a US CBDC

US Treasury Secretary Bessent Doesn't Favor a US CBDC

US Treasury Secretary Bessent says that the Federal Reserve should not launch a central bank digital currency (CBDC) in the U.S.

US CBDC Rejection: Treasury Secretary Calls Digital Dollar Plan a Sign of Weakness

Big news dropped recently concerning the potential future of money in the United States. The conversation around a US CBDC, or Central Bank Digital Currency, has been ongoing, but a recent statement from a high-ranking official has certainly stirred the pot. According to reports, the US Treasury Secretary has expressed a clear lack of support for the idea of the Federal Reserve issuing its own digital currency. What Did the US Treasury Secretary…

Treasury’s Bessent Warns CBDC Would Convey ‘Weakness’

The official previously said that a CBDC was not needed in the U.S.

Treasury Secretary Opposes Federal Reserve Central Bank Digital Currency - Blockchain & Cryptocurrencies Tabloid

Treasury Secretary Scott Bessent criticizes Federal Reserve's CBDC plans, labeling them a weakness, signaling private sector preference. The post Treasury Secretary Opposes Federal Reserve Central Bank Digital Currency appeared first on Blockchain & Cryptocurrencies Tabloid.

Treasury Secretary Scott Bessent Calls FED CBDC - ‘Sign Of Weakness’

US Treasury Secretary Scott Bessent has again opposed the idea of a Central Bank Digital Currency (CBDC). He stated that he would not favor a move by the Federal Reserve to create one, calling it a sign of weakness. Scott Bessent Opposes The Fed Creating A CBDC While testifying before the House appropriations subcommittee, the US Treasury Secretary spoke against the idea of the Fed creating a digital currency. He called it a sign of weakness, no…

U.S. Treasury Secretary Rejects CBDC, Backs Ripple’s RLUSD as Future of Digital Finance

In a bold and definitive statement that is already reverberating across the digital asset industry, U.S. Treasury Secretary Scott Bessent has declared his opposition to the issuance of a central bank digital currency (CBDC) by the Federal Reserve. According to Amelie, Secretary Bessent framed a CBDC not as a sign of strength, but rather as “a sign of weakness,” underscoring a notable shift in the federal government’s view of the future of digita…