TechFlow News, May 20: According to a CoinDesk report, 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 United States may ultimately launch a government-supported on-chain digital dollar initiative, driven by global progress in tokenized finance.
Massad noted that the White House is conducting confidential research into the relevant infrastructure, and the U.S. has already joined the Bank for International Settlements’ (BIS) Project Agora. 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 is launched, the Federal Reserve would be responsible for its implementation.
