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Scott Bessent: “There will be no central bank digital currency, which I…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Treasury Secretary Scott Bessent holds White House press briefing — 5/28/2026

Published | Video Starts at 10:13

What's your philosophy on that and what it safeguards is the treasury and its administration putting in place to make sure new digital payment systems protect Americans privacy and, and freedoms in the future? Well, so this administration has been very clear. There will be no central bank digital currency, which I think is, would be the first step toward tracking. So we have taken that off the table. We passed stablecoin legislation with bipartisan and the Clarity act is now up on Hill. I think it has bipartisan support. (10:13–10:21)

CLAIM

Asserts that the administration will not implement a central bank digital currency.

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