Trump’s Choice for Treasury Secretary Sees ‘No Reason’ for US Central Bank Digital Currency

by Rhodilee Jean Dolor | The Daily Hodl

President-elect Donald Trump’s pick for Treasury Secretary does not think that the US needs to launch a central bank digital currency (CBDC).

During his nomination hearing on Thursday, Scott Bessent told the Senate Finance Committee that, unlike other countries, the US will not gain much from rolling out a digital dollar.

“On CBDCs, 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.” Read Full Article >