Former CFTC Chair Timothy Massad has indicated that the U.S. may consider developing a government-supported digital dollar, despite previous opposition from President Trump. Massad highlighted the global shift towards financial tokenization as a potential catalyst for this initiative. The White House is reportedly assessing the necessary infrastructure for such a project, with the U.S. already involved in the BIS’s Project Agora.
Mark Gould, head of payments at the Federal Reserve, stated that while a digital dollar is not currently within the Fed's mandate, it would become their responsibility if implemented. This exploration reflects a broader interest in central bank digital currencies (CBDCs) as countries worldwide evaluate their potential benefits and challenges.
U.S. Considers Digital Dollar Amid Global Tokenization Trends
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