Former CFTC Chair Reveals US Exploring CBDC Behind Closed Doors Despite Senate Ban Until 2030

According to Timothy Massad, former chairman of the Commodity Futures Trading Commission, speaking at the Digital Money Summit in London, the United States is actively exploring central bank digital currency architectures behind closed doors despite explicit government opposition. While the U.S. Senate has approved legislative measures prohibiting the Federal Reserve from issuing a digital dollar to the public until at least 2030, Massad emphasized that international market realities and the global evolution of tokenized finance are forcing American institutions to continue foundational research. He pointed to the U.S. participation in Project Agora, a Bank for International Settlements initiative uniting seven major central banks to explore wholesale tokenization, as evidence that administrative bodies are actively analyzing how to construct on-chain settlement rails.
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