Summary
- US Treasury Secretary Scott Bessent said the administration is not planning to introduce a CBDC.
- Bessent added that he believes the US Federal Reserve also has no plans to introduce a CBDC.
- Rep. Warren Davidson has criticized CBDCs as communist money.
According to Walter Bloomberg, an account for breaking economic news, on the 4th (local time), US Treasury Secretary Scott Bessent said, "The administration is not planning to introduce a central bank digital currency (CBDC). I think the Fed will be the same." The remarks came in response to a question from Rep. Warren Davidson, who has criticized CBDCs as communist money.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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