Despite Trump’s pledge, a CBDC is being explored behind closed doors, says former CTFC chair
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....
Key takeaways
- 1U.S. publicly opposes CBDC while exploring it privately behind closed doors, says former CFTC Chair Massad.
- 2Former CFTC Chairman believes a U.S. CBDC is inevitable and will eventually be implemented.
- 3Trump administration has pledged against CBDC despite ongoing confidential development discussions.
Why it matters
A U.S. CBDC could reshape global crypto markets and influence India's digital currency strategy. Indian retail investors should monitor CBDC developments as they may affect rupee digitalization and crypto adoption timelines.
Explore how Regulation is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
South Carolina Enacts Bitcoin-Friendly Law, Bans CBDC Use by State Entities
Bitcoin Magazine South Carolina Enacts Bitcoin-Friendly Law, Bans CBDC Use by State Entities South Carolina has enacted a new law aimed at establishing a clear and supportive framework for cryptocurrency use, marking one of the most comprehensive state-level efforts to date. Governor Henry McMaster signed Senate Bill 163 into law on May 19 after it passed th...
CoinDesk 20 performance update: Uniswap (UNI), up 3.7%, leads index higher
Bittensor (TAO) gained 2.1%, joining Uniswap (UNI) as a top performer....
Singapore revokes crypto payment license of Bsquared over regulatory breaches
MAS found deficiencies in Bsquared’s risk management and conflict-of-interest policies, and that the firm had provided false or misleading information to the regulator on multiple occasions....