Scott Bessent, the incoming Treasury Secretary in the Trump administration, opposes the introduction of a Federal Reserve digital currency.The prospect of a U.S. digital dollar appears to be fading, according to recent statements by Scott Bessent, who is set to become Treasury Secretary in Trump’s future administration. On January 16, during a hearing before the U.S. Senate Finance Committee, Bessent expressed skepticism about the implementation of a central bank digital currency (CBDC) in the United States.In response to questions from Republican Senator Marsha Blackburn, Bessent stated:“I see no reason for the United States to have a central bank digital currency. A CBDC is for countries who have no other investment alternatives. The United States, on the other hand, already offers a variety of secure assets for those holding dollars.”
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21 sats \ 0 replies \ @Satosora 17 Jan
Man, I had this up for the last 3 hours, I have been meaning to comment on it.
I think they are starting to understand the bigger picture.
If they are able to buy bitcoin for their reserve, they wont need to use a CBDC because they will have something even more solid.
But this is all conjecture, we will see what they do after they are in office.
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