US Treasury Secretary: "No plans to introduce a CBDC"
JH Kim
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.
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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.