{"id":71094,"date":"2026-02-05T18:31:42","date_gmt":"2026-02-05T18:31:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=71094"},"modified":"2026-02-05T18:31:42","modified_gmt":"2026-02-05T18:31:42","slug":"scott-bessent-would-not-be-surprised-if-china-was-building-digital-assets-backed-by-gold","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=71094","title":{"rendered":"Scott Bessent &#8216;Would Not Be Surprised&#8217; If China Was Building Digital Assets Backed By Gold"},"content":{"rendered":"<div>\n<p>Treasury Secretary <strong>Scott Bessent<\/strong> told the Senate Banking Committee he \u201cwould not be surprised\u201d if China was building digital assets potentially backed by gold rather than the yuan, given China\u2019s large sandbox in Hong Kong.<\/p>\n<h3 class=\"wp-block-heading\">The Gold-Backed Digital Asset Rumors<\/h3>\n<p>Senator <strong>Cynthia Lummis<\/strong> (R-Wyo.) <a href=\"https:\/\/x.com\/coindesk\/status\/2019450481962099187\">asked<\/a> Bessent directly whether China is using digital assets and blockchain to build an alternative to American financial dominance.<\/p>\n<p>Bessent responded, saying, &#8220;We don&#8217;t know that for sure. There are lots of rumors that China may be developing digital assets backed by something other than the RMB, perhaps gold-based. We haven&#8217;t seen that.&#8221;<\/p>\n<p>He added a caveat: \u201cBut they have a very large sandbox in Hong Kong. And &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/02\/50424630\/scott-bessent-would-not-be-surprised-if-china-was-building-digital-assets-backed-by-gold?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Scott\" bessent not be surprised if china was building digital assets backed by gold>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Scott Bessent told the Senate Banking Committee he \u201cwould not be surprised\u201d if China was building digital assets potentially backed by gold rather than the yuan, given China\u2019s large sandbox in Hong Kong. The Gold-Backed Digital Asset Rumors Senator Cynthia Lummis (R-Wyo.) asked Bessent directly whether China is using digital assets and blockchain [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-71094","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71094"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71094\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}