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Retrieved on: 2025-05-06 19:59:20
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Summary
The article discusses Treasury Secretary Bessent's rejection of Central Bank Digital Currencies (CBDCs) and its impact on both cryptocurrency and stock markets. The statement bolstered decentralized assets like Bitcoin and increased trading activity on exchanges like Binance. While traditional markets like the S&P 500 showed limited response, crypto-related stocks such as Coinbase and MicroStrategy benefited, reflecting the close ties between these markets.
Article found on: blockchain.news
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