Market
Will the U.S. Treasury Department initiate a study on CBDCs by the end of 2025?
3
Scott Bessent•Donald Trump•United States•Central Bank Digital Currency•Blackburn•Bessent•US•Eurozone
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements or reports from the U.S. Treasury Department
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.
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Similar markets
Proactive development • 25%
Strong opposition • 25%
Neutral • 25%
Supportive of exploration • 25%
New tax policy on digital assets • 25%
No major announcement • 25%
Other major policy • 25%
Regulatory framework for cryptocurrencies • 25%
Yes • 50%
No • 50%
