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Treasury Secretary Scott Bessent Calls FED CBDC – ‘Sign Of Weakness’

CoinGape LogoCoinGape11h ago

Treasury Secretary Scott Bessent Calls FED CBDC – ‘Sign Of Weakness’ - CoinGape

Quick Summary:

US Treasury Secretary Scott Bessent has again opposed the idea of a Central Bank Digital Currency (CBDC).

He stated that he would not favor a move by the Federal Reserve to create one, calling it a sign of weakness.

The US House is still deliberating on its version of the stablecoin legislation at the committee level, with key members like Rep Maxine Waters objecting to the bill.

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Treasury Secretary Scott Bessent Calls FED CBDC – ‘Sign Of Weakness’ - CoinGape (Picture 1)

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 17:20:06 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 327 words

Reading Time: 2 minutes read

Sentences: 30 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28444041

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About CoinGape

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 33 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "Treasury Secretary Scott Bessent Calls FED CBDC – ‘Sign Of Weakness’" was covered 11 hours ago by CoinGape, a news publisher based in India.

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The outlet is headquartered in India and publishes an average of 33 news stories per day.

It's most recent story was published 8 hours ago.

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  • URL: https://inconstantly.beamstart.com/news/treasury-secretary-scott-bessent-calls-17465524894

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