Donald Trump’s Treasury Secretary Opposes US CBDC
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During a hearing with US Senators, Scott Bessent, Donald Trump’s nominee for Treasury Secretary, stated that there is no need for the US government to create a central bank digital currency (CBDC). This comes as digital assets and cryptocurrencies gain prominence globally, with several countries already adopting their own CBDCs as alternatives to fiat currencies. However, the US has largely resisted this trend, and under the Trump administration, opinions on the matter remain mixed. Bessent emphasized, 'I see no reason for the U.S. to have a central bank digital currency.'
