Market
What will be the primary reason cited by U.S. officials for not adopting a CBDC by the end of 2025?
1
Scott Bessent•Donald Trump•United States•Central Bank Digital Currency•Blackburn•Bessent•US•Eurozone
Resolution / Starting Odds
Security Concerns • 25%
Economic Impact • 25%
Lack of Necessity • 25%
Other • 25%
Official statements or reports from U.S. government agencies
Story
Trump's Treasury Nominee Bessent Opposes US CBDC: 'No Reason to Have One'
Jan 16, 2025, 06:20 PM
During his confirmation hearing, Scott Bessent, President-elect Donald Trump's nominee for Treasury Secretary, stated that he sees no reason for the United States to have a Central Bank Digital Currency (CBDC). In response to questioning from Senator Blackburn, Bessent argued that CBDCs are for countries that lack other investment alternatives and that the US dollar is sufficient for the nation's needs. His stance indicates a move away from the development of a US CBDC, contrasting with other regions like the Eurozone that are exploring digital currencies.
View original story
Similar markets
Lack of necessity • 25%
Security concerns • 25%
Economic stability • 25%
Other • 25%
Economic freedom • 25%
National security • 25%
Hedge against inflation • 25%
Other • 25%
Regulatory issues • 25%
Lack of public trust • 25%
Technological challenges • 25%
Market competition • 25%
Regulatory concerns • 25%
Economic benefits • 25%
Inflation concerns • 25%
Technological feasibility • 25%
To diversify national reserves • 25%
To stabilize the dollar • 25%
To boost crypto market clout • 25%
Other • 25%
Economic competitiveness • 25%
Other • 25%
Technological advancement • 25%
Financial stability • 25%
Strengthen US dollar • 25%
Reduce national debt • 25%
Other • 25%
Economic leverage • 25%
Other • 25%
Technological Advancement • 25%
Economic Stability • 25%
National Security • 25%
Other • 25%
Terrorist financing • 25%
Consumer protection • 25%
Financial inclusion • 25%
Other • 25%
Operational scope differences • 25%
Political pressure • 25%
Statutory mandate concerns • 25%
Neutral • 25%
Strong opposition • 25%
Proactive development • 25%
Supportive of exploration • 25%