Bessent Reaffirms US Opposition to Central Bank Digital Currency
US Treasury Secretary Scott Bessent stated the administration will not pursue a Central Bank Digital Currency, calling it a step toward tracking.
US Treasury Secretary Scott Bessent has reiterated the administration's firm stance against the creation of a Central Bank Digital Currency (CBDC).
"There will be no Central Bank Digital Currency, which I think would be the first step toward tracking," Bessent said, according to a report. The statement reinforces the government's ongoing opposition to a digital dollar.
Source: Cointelegraph