US Minister of Finance Scott Bessent said he did not support the launch of a digital dollar. In his opinion, the digital currency of the Central Bank (CBDC) is a sign of weakness.

During a meeting in the Congress, Immentine said that digital assets belong to the private sector, so the United States does not need a digital dollar to manage reserves of foreign banks. Treasury bonds are sufficiently supported by the US dollar, which occupies dominant positions in world trade.

“If the manager of reserves or the Foreign Central Bank holds US dollars, that is, a wide range of American assets in which they can invest. The digital currency of the Central Bank is needed only for ease of use, when there is no choice of basic assets, ”the immortal reasoned.

The immune made such statements back in January, before his approval to the post of US Minister of Finance. Then he said that he did not see the reasons for the release of a digital dollar. A few days after the inauguration, Trump signed a decree prohibiting the creation, release, circulation and use of CBDC in the United States. In February, the chairman of the US Federal Reserve (Fed) Jerome Powell confirmed that the regulator would not start its own digital currency.

However, recently, a political analyst from Cato Institute, Nicholas Anthony, expressed fears that this decree would not act constantly. Everything can change with the new administration, especially if there is a recession. Then politicians will introduce different financial instruments, even if it can violate the confidentiality of users, the analyst suggested.

Earlier, a member of the Board of Directors of the US Federal Reserve Lael Brainard said that the United States needed a digital dollar so that the country does not lag behind other states that produce their own digital currencies.