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What will be the U.S. Treasury's stance on digital currencies by the end of 2025?
3
Resolution / Starting Odds
Strong opposition • 25%
Neutral • 25%
Supportive of exploration • 25%
Proactive development • 25%
Official statements 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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New tax policy on digital assets • 25%
No major announcement • 25%
Other major policy • 25%
Regulatory framework for cryptocurrencies • 25%
Pro-Bitcoin • 25%
Neutral • 25%
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Pro-Gold • 25%
Introduce new regulations • 25%
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More supportive • 25%
Other • 25%
No significant change • 25%
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No • 50%
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Consumer protection • 25%
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Financial inclusion • 25%
Terrorist financing • 25%