🔴 USA — without a digital dollar: The Treasury is against it
— US Treasury Secretary Scott Bessent clearly stated in Congress: "I am against the launch of a digital dollar".
— In his opinion, the private sector is doing just fine with digital assets, and the role of the dollar is already supported by the demand for treasury bonds.
— Central Bank Digital Currency (CBDC)? "Needed only where there are no normal assets," says Bessent.
— This is not a new position: Bessent criticized the idea even before his appointment, and Trump signed an order banning CBDC right after his inauguration.
— The Fed is also not eager — Powell confirmed that the digital dollar is not under development.
📉 Impact on the crypto market: at the moment — neutral, but in the long term it may strengthen the positions of stablecoins and private solutions. As long as the authorities are against CBDC — crypto breathes more freely.
Historical fact: China launched the digital yuan back in 2021. It is now actively being tested at the Olympics, fairs, and government payments.
Subscribe — we will keep an eye on whether the course changes with the next president 🔴
