US Treasury Sec rejects CBDCs, Supports Ripple’s RLUSD as Future of Digital Finance

U.S. Treasury Secretary Scott Bessent has dismissed the issuance of a central bank digital currency (CBDC) by the Federal Reserve. In a bold statement that is shaping the future of digital finance, Secretary Bessent views CBDCs as a sign of weakness rather than strength. This positions private-sector innovations such as Ripple’s RLUSD as viable and more agile alternatives to a government-controlled digital dollar.