scott
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 […]
US Treasury Secretary Scott Bessent Sounds the Alarm on "Scary" National Debt Trajectory, Rejects Central Bank Digital Currencies
WASHINGTON — In a stark and sobering assessment of the nation’s financial health, US Treasury Secretary Scott Bessent warned lawmakers on Capitol Hill that the United States is hurtling down a "scary" and ultimately unsustainable fiscal path. Testifying before a House committee regarding the White House’s 2026 budget requests, Bessent painted a vivid picture of […]
Treasury Nominee Scott Bessent Rejects Digital Dollar: Why the Trump Administration Plans to Bypass a U.S. CBDC
WASHINGTON, D.C. — In a strong signal regarding the future of American monetary policy, Treasury Secretary nominee Scott Bessent has unequivocally dismissed the necessity of a Central Bank Digital Currency (CBDC) for the United States. Speaking before the Senate Finance Committee during his high-stakes nomination hearing on Thursday, Bessent drew a sharp line between the […]
Treasury Secretary Scott Bessent Sounds the Alarm on "Scary" US Debt Trajectory and Rejects Federal Reserve CBDC
WASHINGTON — In a stark warning before a congressional panel on Tuesday, US Treasury Secretary Scott Bessent declared that the United States is hurtling down a "scary" and ultimately unsustainable fiscal path. Testifying before a House committee regarding the White House’s 2026 budget requests, the former Soros Fund Management veteran urged lawmakers to reverse current […]
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 […]
US Treasury Secretary Scott Bessent Sounds the Alarm on National Debt, Warns of Economic ‘Sudden Stop’
Main Facts US Treasury Secretary Scott Bessent has issued a stark warning regarding the United States’ current fiscal trajectory, describing the nation’s mounting debt burden as "scary" and warning of the catastrophic risk of an economic "sudden stop." Testifying before a House committee concerning the White House’s 2026 budget requests, Bessent addressed lawmakers regarding the […]
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 […]
US Treasury Secretary Scott Bessent Sounds Alarm on "Scary" National Debt Trajectory, Rejects Central Bank Digital Currencies
WASHINGTON, D.C. — In a stark assessment before a congressional committee on Tuesday morning, United States Treasury Secretary Scott Bessent warned lawmakers that the nation is careening down an unsustainable fiscal path. Testifying in defense of the White House’s proposed 2026 federal budget requests, Bessent did not mince words regarding the nation’s mounting liabilities, painting […]
Treasury Nominee Scott Bessent Rejects Digital Dollar: Why the Trump Administration is Slamming the Door on a US Central Bank Digital Currency
WASHINGTON — In a definitive policy stance that aligns closely with the incoming administration’s broader economic vision, 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). Testifying before the Senate Finance Committee during his high-stakes confirmation hearing, Bessent argued that a […]
Scott Bessent Rejects US Central Bank Digital Currency in Senate Hearing, Aligning with Trump Administration’s Stance
WASHINGTON — During his highly anticipated Senate Finance Committee nomination hearing on Thursday, Scott Bessent, President-elect Donald Trump’s nominee for Treasury Secretary, delivered a definitive stance on the future of American monetary policy. Bessent stated unequivocally that the United States has no need to develop or launch a central bank digital currency (CBDC), arguing that […]
