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BTCC / BTCC Square / Global Cryptocurrency /
Trump’s Treasury Nominee Rejects Digital Dollar: What It Means for Crypto

Trump’s Treasury Nominee Rejects Digital Dollar: What It Means for Crypto

Author:
Global Cryptocurrency
Published:
2025-01-17 18:04:08
19
2
Scott Bessent, the Treasury nominee, has taken a firm stance against Central Bank Digital Currencies (CBDCs) during a Senate hearing. This position aligns with President-elect Trump's promises and indicates potential shifts in U.S. crypto policy. Despite the Federal Reserve's exploration of a digital dollar since 2021 and Treasury Secretary Janet Yellen's support for this research, Bessent's views diverge significantly. Globally, 134 countries, representing about 98% of global GDP, are exploring various CBDC options, highlighting the contrast with the U.S. stance under Bessent's potential leadership.

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