Former U.S. CFTC Chairman: The U.S. Is Conducting Closed-Door Research on Digital Dollar-Related Infrastructure

According to CoinDesk, Timothy Massad, former Chair of the U.S. Commodity Futures Trading Commission (CFTC), stated that although former President Trump has publicly pledged opposition to central bank digital currencies (CBDCs) and government-backed dollar-pegged stablecoins, the U.S. may ultimately launch a government-backed on-chain digital dollar initiative, driven by the global advancement of tokenized finance. Massad noted that the White House is conducting closed-door research into the relevant infrastructure, and the U.S. has already joined the Bank for International Settlements’ (BIS) Project Agora. Meanwhile, Mark Gould, Head of Payments at the Federal Reserve, said that a digital dollar currently falls outside the Federal Reserve’s mandate—but if a government-backed digital dollar were to be launched, the Federal Reserve would assume responsibility for it.