Scott Bessent, the nominee for US Treasury Secretary under President-elect Donald Trump, stated during his nomination hearing that he sees "no reason" for the US to have a central bank digital currency (CBDC). Bessent believes that CBDCs are necessary for countries without other investment alternatives, while the US has a variety of secure assets. Several countries, including Brazil and Russia, are already exploring the potential of CBDCs, while only the Bahamas, Jamaica, and Nigeria have launched their own. The US has been hesitant to issue a CBDC, but President Biden signed an executive order in 2022 calling for urgent action in researching and developing a CBDC in the country.



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