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Trump’s Treasury Pick Scott Bessent Rejects Digital Dollar: Why the U.S. Won’t Benefit from a CBDC
WASHINGTON — In a clear signal of the incoming administration’s economic priorities, President-elect Donald Trump’s nominee for Treasury Secretary, Scott Bessent, has firmly dismissed the necessity of a Central Bank Digital Currency (CBDC) for the United States. Testifying before the Senate Finance Committee during his high-stakes nomination hearing, Bessent argued that a digital dollar offers […]
Scott Bessent Rejects Digital Dollar: Why Trump’s Treasury Pick Sees No Future for a U.S. CBDC
WASHINGTON — In a clear signal of the incoming administration’s financial philosophy, President-elect Donald Trump’s nominee for Treasury Secretary, Scott Bessent, has firmly dismissed the necessity of a United States Central Bank Digital Currency (CBDC). Speaking before the Senate Finance Committee during his high-stakes nomination hearing on Thursday, Bessent argued that a digital dollar offers […]
Scott Bessent Rejects Digital Dollar: Why Trump’s Treasury Pick Says the US Has ‘No Reason’ for a CBDC
WASHINGTON — During his high-stakes Senate Finance Committee nomination hearing, Scott Bessent, President-elect Donald Trump’s choice to lead the United States Department of the Treasury, delivered a definitive stance on the future of American currency. Bessent told lawmakers that he sees "no reason" for the United States to develop or issue a central bank digital […]
Scott Bessent Rejects Digital Dollar: Trump’s Treasury Pick Signals Shift in U.S. Monetary Policy
Executive Summary: A Pivot Away from the Digital Dollar In a clear signal of the incoming administration’s monetary priorities, President-elect Donald Trump’s nominee for Treasury Secretary, Scott Bessent, has formally declared his opposition to the development of a U.S. Central Bank Digital Currency (CBDC). During a high-stakes Senate Finance Committee nomination hearing this past Thursday, […]
