Trump’s Treasury Pick Rejects US CBDC, Citing Dollar’s Global Strength
January 19, 2025
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In a recent Senate Finance Committee hearing， Scott Bessent， anticipated as Donald Trump’s potential Treasury secretary， made a bold statement against the implementation of a US Central Bank Digital Currency (CBDC)， signaling a potential shift in the nation’s digital currency strategy.
Bessent’s testimony came in response to Senator Marsha Blackburn’s inquiry about the potential development of a digital dollar， particularly in light of China’s digital yuan initiatives. His unequivocal stance was clear: