US Treasury Secretary Bessent Says Trump Admin Will Not Allow Digital Dollar

U.S. Treasury Secretary Scott Bessent has declared that the current administration under President Trump will not permit the creation of a digital dollar. "There will be no central bank digital currency," Bessent said, adding that such a currency "would be the first step toward surveillance, so we have ruled this option out of discussion."

The comments reinforce the administration's clear opposition to a U.S. CBDC.