Trump’s Treasury Nominee Scott Bessent Sees ‘No Reason’ For US Central Bank Digital Currency: It’s For Countries With ‘No Other Investment Alternatives’

In what could be interpreted as another optimistic signal for cryptocurrencies, Scott Bessent, President-elect Donald Trump’s nominee for Treasury Secretary, argued against the concept of a central bank digital currency in the U.S. on Thursday.
What Happened: Bessent was taking questions from members of the Senate Finance Committee for confirmation to the Treasury Department.
“I see no reason for the U.S. to have a central bank digital currency,” Bessent said, in response to a question by Sen. Marsha Blackburn (R-TN). “In my mind, a central bank digital currency is for countries who have no other investment alternatives.”
The hedge fund veteran believed that the nations that …Full story available on Benzinga.com

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