A former top regulator states the Federal Reserve is privately evaluating a digital dollar despite public resistance from the Trump administration.
Former CFTC Chairman Timothy Massad said the U.S. is quietly exploring a central bank digital currency (CBDC) despite public opposition from former President Donald Trump. Massad called a digital dollar inevitable, suggesting internal discussions are underway at the Federal Reserve or other agencies.
The U.S. has publicly resisted CBDCs, citing concerns over privacy and financial stability. However, other major economies, including the EU and China, have advanced digital currency projects, increasing pressure on U.S. policymakers to keep pace.
No official announcement has been made, but Massad’s remarks signal potential shifts in U.S. monetary policy discussions.