The US Treasury Secretary reiterated that the Trump administration will not introduce a central bank digital currency.

CoinFeed reported on May 29th that, according to crypto journalist Eleanor Terrett, US Treasury Secretary Scott Bessent reiterated that the Trump administration will not introduce a central bank digital currency (CBDC). However, the 21st Century Housing Act passed by the House of Representatives includes a temporary ban on the Federal Reserve issuing a CBDC, which expires in December 2030. The bill has not yet passed the Senate. Some House Republicans believe that the expiration of the ban effectively amounts to a "launch date" for the CBDC, potentially reopening the door for the Federal Reserve to explore CBDCs. Federal Reserve Chairman Kevin Warsh stated that he will not allow the Federal Reserve to push forward with CBDCs as long as it remains within his authority. However, the expiration date of the CBDC ban in 2030 coincides with the end of Warsh's first term.