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Trump’s Treasury Pick Scott Bessent Rejects Need for a US Digital Dollar

Trump’s Treasury Pick Scott Bessent Rejects Need for a US Digital Dollar

Scott Bessent, Trump’s Treasury nominee, has said that the Treasury should stop exploring the creation of a central bank digital currency. The post...
Jan, 17, 2025
2 min read
by Cryptonews
JPMorgan to Launch Faster Dollar-Euro FX Settlement on Blockchain

JPMorgan to Launch Faster Dollar-Euro FX Settlement on Blockchain

JPMorgan Chase is set to launch instant dollar-euro foreign exchange settlements on its Kinexys blockchain platform, leveraging JPM Coin to enhance...
Nov, 06, 2024
3 min read
by Cryptonews
North Carolina Passes Bill to Block State Participation in Federal CBDC Testing

North Carolina Passes Bill to Block State Participation in Federal CBDC Testing

The General Assembly of the U.S. state of North Carolina has approved a bill that prevents the state from participating in the Federal Reserve’s te...
Jun, 29, 2024
by Bitcoin News
Fed Chair Powell Eases CBDC Concerns: US Far From Direct Fed Accounts, Emphasizes Need for Congressional Approval

Fed Chair Powell Eases CBDC Concerns: US Far From Direct Fed Accounts, Emphasizes Need for Congressional Approval

Federal Reserve Chairman Jerome Powell engaged with the Senate Banking Committee, signaling that the U.S. is just beginning to contemplate the intr...
Mar, 07, 2024
by Bitcoin News
CBDC Anti-Surveillance State Act Back in the Senate

CBDC Anti-Surveillance State Act Back in the Senate

The CBDC Anti-Surveillance State Act has been reintroduced in the Senate with the support of five U.S. senators. “As Americans face the prospect of...
Feb, 28, 2024
by Bitcoin News
Fed Governor Discusses Crypto’s Impact on US Dollar Dominance — Says Banks Should Avoid Bitcoin ETFs as Primary Asset

Fed Governor Discusses Crypto’s Impact on US Dollar Dominance — Says Banks Should Avoid Bitcoin ETFs as Primary Asset

A Federal Reserve governor has addressed crypto’s impact on the U.S. dollar’s dominance. Additionally, he expressed reservations about the need for...
Feb, 18, 2024
by Bitcoin News
Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress

Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress

Federal Reserve Chairman Jerome Powell has provided an update to Congress members regarding the Fed’s central bank digital currency (CBDC) work. “I...
Feb, 15, 2024
by Bitcoin News
RFK Jr. and Donald Trump Both Vow to Stop the Fed From Issuing US Central Bank Digital Currency if Elected

RFK Jr. and Donald Trump Both Vow to Stop the Fed From Issuing US Central Bank Digital Currency if Elected

U.S. presidential candidates Robert F. Kennedy Jr. (RFK Jr.) and Donald Trump have independently promised the American people to stop the creation ...
Jan, 29, 2024
3 min read
by Bitcoin News
Donald Trump Talked Out Of CBDC For The US? Ex Candidate Explains

Donald Trump Talked Out Of CBDC For The US? Ex Candidate Explains

Recently, entrepreneur Vivek Ramaswamy dropped out of the US presidential race to endorse Donald Trump’s candidature. In an interview, the former R...
Jan, 27, 2024
2 min read
by Bitcoinist
Donald Trump Promises to Block Digital Dollar Creation  — Calls CBDC ‘Dangerous Threat to Freedom’

Donald Trump Promises to Block Digital Dollar Creation — Calls CBDC ‘Dangerous Threat to Freedom’

Former U.S. President Donald Trump has promised to stop the creation of a U.S. central bank digital currency (CBDC) if he is elected president of t...
Jan, 19, 2024
2 min read
by Bitcoin News

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