Trump’s Treasury Choice Pulls Plug on US Digital Currency Push
TLDR Trump’s Treasury Secretary nominee Scott Bessent firmly opposed US CBDC development during Senate confirmation hearing Bessent’s stance aligns with Trump’s previous promise to “never allow” a US CBDC if reelected Currently 134 countries, representing 98% of global GDP, are exploring CBDCs The House passed the Anti-Surveillance State Act in May 2024 to restrict Federal…
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