Trump Treasury Pick Bessent Opposes Idea of U.S. Central Bank Digital Currency

Quick Summary:

Scott Bessent, who is immersed in the Senate confirmation process as President-elect Donald Trump's Treasury secretary nominee, only addressed crypto briefly.

Dozens of countries around the world, notably China, have launched or piloted CBDCs.

"Crypto is about freedom and the crypto economy is here to stay," he said in an interview with Fox Business in July.

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Article Details

Author / Journalist: Jesse Hamilton

Category: Crypto

Markets: United StatesChinaCubaIraq

Topics: Scott Bessent Treasury Department Policy Donald Trump US Senate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-16 @ 20:10:13 (17 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 307 words

Reading Time: 2 minutes read

Sentences: 23 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25201639

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Main Topics: Crypto

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