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What will be the next significant policy change announced by Scott Bessent by the end of 2025?
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Tax reform • 25%
Financial regulation • 25%
Digital currency policy • 25%
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Official announcements from the U.S. Treasury or government
Story
Trump's Treasury Nominee Bessent Opposes U.S. Central Bank Digital Currency
Jan 16, 2025, 06:13 PM
Scott Bessent, nominated by President Donald Trump as the next U.S. Secretary of the Treasury, has expressed his opposition to the introduction of a Central Bank Digital Currency (CBDC) in the United States. During discussions, Bessent stated, 'I see no reason for the US to have a central bank digital currency. In my mind, a central bank digital currency is for countries that have no other investment alternatives.' His stance underscores a preference for the existing U.S. dollar system over adopting a digital currency, which he believes is unnecessary for a country with diverse investment options.
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