U.S. Treasury Secretary Scott Bessent has expressed strong opposition to the idea of a central bank digital currency (CBDC), describing it as a 'sign of weakness'.
Bessent's stance was made clear in recent statements where he firmly stated that he would not support the Federal Reserve issuing a digital currency.
Bessent's comments align with his belief that digital assets should remain within the private sector, further emphasizing his position against a Fed-issued CBDC.
Additionally, Bessent has noted that Bitcoin is becoming recognized as a store of value.
This perspective was shared in response to inquiries about the potential role of digital currencies in the U.S. financial system.