{"id":146947,"date":"2025-01-17T15:00:50","date_gmt":"2025-01-17T13:00:50","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146947"},"modified":"2025-01-16T22:17:06","modified_gmt":"2025-01-16T20:17:06","slug":"the-u-s-doesnt-need-a-cbdc-right-now-says-trumps-treasury-pick","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/the-u-s-doesnt-need-a-cbdc-right-now-says-trumps-treasury-pick\/","title":{"rendered":"The U.S. Doesn&#8217;t Need a CBDC Right Now, Says Trump&#8217;s Treasury Pick"},"content":{"rendered":"<p>\u201cA CBDC seems more fitting for nations without robust investment opportunities,\u201d Bessent remarked, signaling a skeptical stance on the concept.<\/p>\n<p>While the Federal Reserve has studied the pros and cons of issuing a CBDC, its leaders, including Chair Jerome Powell, have emphasized that no such move would occur without congressional authorization.<\/p>\n<p>Current Treasury Secretary Janet Yellen has encouraged further research but has maintained a cautious outlook. Critics, particularly among Republicans, warn that a CBDC could lead to heightened government oversight of personal transactions. Meanwhile, other nations continue to explore the technology, with 134 countries reportedly assessing or developing CBDCs.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/xrps-surge-fuels-speculation-of-overtaking-ethereum\/\" title=\"XRP&#8217;s Surge Fuels Speculation of Overtaking Ethereum\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/xrpppppxrpp-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">XRP&#8217;s Surge Fuels Speculation of Overtaking Ethereum<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Bessent, a proponent of cryptocurrency innovation, has publicly praised Trump\u2019s supportive approach to digital assets. In an earlier interview, he expressed optimism about advancing crypto policies under the new administration. His nomination has received backing from advocacy groups like the Cedar Innovation Foundation, which described him as well-equipped to create a regulatory framework that could elevate the U.S. as a leader in blockchain technology.<\/p>\n<p>As Treasury Secretary, Bessent is expected to prioritize fostering growth in the crypto sector while steering clear of government-issued digital currencies. His appointment signals a commitment to driving innovation in the financial ecosystem while maintaining a skeptical view of central bank-driven solutions.<\/p>\n<p><em><strong><a href=\"https:\/\/www.theblock.co\/post\/335270\/trumps-treasury-pick-scott-bessent-says-he-sees-no-reason-for-a-us-cbdc?utm_source=telegram1&amp;utm_medium=social\" target=\"_blank\" rel=\"nofollow\">Source<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During his Senate confirmation hearing, Scott Bessent, President-elect Donald Trump\u2019s nominee for Treasury Secretary, dismissed the idea of a U.S. central bank digital currency (CBDC), stating that such tools are unnecessary for the country.<\/p>\n","protected":false},"author":7,"featured_media":79332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-146947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The U.S. Doesn&#039;t Need a CBDC Right Now, Says Trump&#039;s Treasury Pick<\/title>\n<meta name=\"description\" content=\"During his Senate confirmation hearing, Scott Bessent, President-elect Donald Trump\u2019s nominee for Treasury Secretary, dismissed the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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