U.S. Treasury Secretary Opposes Federal Reserve Digital Currency: Bitcoin Beneficiaries

In a major development, U.S. Treasury Secretary Nadine Bessent has voiced her staunch opposition to a Central Bank Digital Currency (CBDC) issued by the Federal Reserve. Her declaration on May 6th, 2025, came as a significant shift in stance, potentially impacting the landscape of digital currencies in the US and beyond. Bessent’s announcement is expected to bolster Bitcoin as a preferred alternative to a potential CBDC, leading to immediate market reactions. While no immediate effects are anticipated on Ethereum or DeFi tokens, this development sets a new precedent for US regulatory policies and cryptocurrency dynamics.