Bessent rules out U.S. CBDC and urges Congress to bring digital assets onshore with CLARITY

Treasury Secretary Scott Bessent said on May 28 that the administration has taken a U.S. CBDC off the table, calling it a first step toward tracking. He framed the anti-CBDC stance alongside a push to bring digital assets into the U.S., tying it to stablecoin legislation and urging Congress to get the CLARITY Act done so crypto activity does not keep living offshore.

TLDR by @Benthic

More coverage

• Treasury Secretary issues blunt warning on U.S. digital dollar (thestreet.com)
• Strengthening American Leadership in Digital Financial Technology (whitehouse.gov)
• Treasury Secretary Bessent Remarks at the Launch of the White ... (home.treasury.gov)
• Treasury Secretary Scott Bessent: There will be no Central Bank ... (x.com)
• [PDF] Money and Payments: The U.S. Dollar in the Age of Digital ... (federalreserve.gov)

Explore the topic

• Digital Assets
• Bessent
• CBDC
• Congress