CBDC ban hides US digital dollar work says Massad

Former CFTC chair Timothy Massad believes that a US digital dollar is inevitable despite a CBDC ban. He highlighted Project Agora as evidence of US involvement in CBDC infrastructure. The Federal Reserve’s chief payments executive acknowledged that a digital dollar could fall under the Fed’s responsibility if introduced. Massad warned that staying out of global tokenization trends could cost the US influence over digital payment standards. House Republicans are pushing for a permanent CBDC ban, but Massad argues that the US needs to keep up with international experiments to maintain dominance in digital payments.