US Treasury Secretary Scott Bessent Backs Stablecoin Regulation, Rejects CBDC

U.S. Treasury Secretary Scott Bessent used a White House briefing on Thursday, May 28, 2026, to double down on the Trump administration’s pro-crypto stance, backing stablecoin regulation while firmly rejecting the idea of a U.S. central bank digital currency (CBDC).

He used the same briefing to formally launch the Trump Accounts app, the long-awaited tool for managing the federal government’s $1,000 child investment accounts.

According to the White House press briefing, the administration continues pushing for clearer digital asset rules through bipartisan stablecoin legislation and the proposed “Clarity Act,” which would build on the GENIUS Act stablecoin legislation that President Trump signed into law on July 21, 2025.

The CLARITY Act aims to establish a broader regulatory framework for crypto markets and define oversight responsibilities between the SEC, CFTC, and Treasury.

The Treasury Secretary said the administration views regulation as a way to strengthen industry standards rather than restrict innovation, positioning the U.S. as a global hub for digital assets.

When asked about digital payment systems potentially being used to monitor spending or limit personal freedoms, Bessent made it clear that the Trump administration opposes launching a U.S. CBDC.

Treasury Secretary Scott Bessent Backs Stablecoin Regulation, Rejects CBDC

The U.S. Treasury is doubling down on crypto clarity – supporting stablecoin regulation, pushing the CLARITY Act forward, and making it clear that a government-controlled digital dollar (CBDC) is off the… pic.twitter.com/YvOMW6rCqc

— 3.0 TV (3verseTV) (@reallive3tv) May 29, 2026

🇺🇸 Treasury Secretary Scott Bessent urges Congress to pass the crypto Clarity Act:

“The most important thing we can do is bring digital assets into the United States and make the U.S. their home.” pic.twitter.com/tfjwv0vXak

— The Crypto Times (@CryptoTimes_io) May 28, 2026

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