U.S. Treasury Secretary Opposes Federal Reserve Digital Currency

According to BlockBeats, U.S. Treasury Secretary Besent expressed opposition to the Federal Reserve issuing a digital currency. Besent highlighted the difficulty in predicting when the market might react negatively to U.S. debt. The focus remains on managing the absolute level of debt while promoting GDP growth. Besent agreed with the perspective that the debt-to-GDP ratio is the critical factor.