Despite Trump’s pledge, a CBDC is being explored behind closed doors, says former CTFC chair
CoinDesk·
60-second summary
The US is secretly exploring a Central Bank Digital Currency, according to former CFTC Chairman Timothy Massad, contradicting the government's public stance. Despite Trump's pledge, Massad believes a CBDC is inevitable and will be implemented sooner or later. This move could significantly impact the traditional banking system and the role of cryptocurrencies in the US economy.
Publicly, the U.S. has fiercely opposed a Central Bank Digital Currency, but former CFTC Chairman Timothy Massad said it is inevitable and there will be one sooner or later.