Loading...
Market
What will be the primary reason cited by U.S. officials for not pursuing a CBDC in 2025?
3
Resolution / Starting Odds
Lack of necessity • 25%
Security concerns • 25%
Economic stability • 25%
Other • 25%
Statements from U.S. Treasury or Federal Reserve officials
Story
Trump's Treasury Nominee Scott Bessent Opposes U.S. CBDC at Senate Hearing, Contrasts with China
Jan 16, 2025, 06:37 PM
Scott Bessent, President-elect Donald Trump's nominee for Treasury Secretary, expressed strong opposition to the idea of a U.S. central bank digital currency (CBDC) during his Senate confirmation hearing. Bessent argued that CBDCs are suitable for countries with limited investment alternatives, stating, 'I see no reason for the U.S. to have a central bank digital currency.' He emphasized that the U.S. has no need for such a currency, contrasting with other nations like China that have pursued CBDCs out of necessity. Bessent also mentioned a '2025 approach' to digital currencies in the context of addressing terrorist financing, suggesting a modern outlook on the issue.
View original story
Similar markets
Security Concerns • 25%
Economic Impact • 25%
Lack of Necessity • 25%
Other • 25%
Hedge against inflation • 25%
National security • 25%
Economic freedom • 25%
Other • 25%
Regulatory issues • 25%
Lack of public trust • 25%
Market competition • 25%
Technological challenges • 25%
To stabilize the dollar • 25%
Other • 25%
To diversify national reserves • 25%
To boost crypto market clout • 25%
Economic competitiveness • 25%
Financial stability • 25%
Other • 25%
Technological advancement • 25%
Economic benefits • 25%
Inflation concerns • 25%
Technological feasibility • 25%
Regulatory concerns • 25%
Economic Stability • 25%
Other • 25%
Technological Advancement • 25%
National Security • 25%
Other • 25%
Economic leverage • 25%
Strengthen US dollar • 25%
Reduce national debt • 25%
Ponzi Scheme • 25%
Used for Illegal Activities • 25%
No Intrinsic Value • 25%
Other • 25%
Statutory mandate concerns • 25%
Political pressure • 25%
Other • 25%
Operational scope differences • 25%
Strong opposition • 25%
Neutral • 25%
Proactive development • 25%
Supportive of exploration • 25%