[Timothy Massad: The U.S. May Introduce a Government-Backed Digital Dollar] According to CoinDesk, former CFTC Chairman Timothy Massad stated that despite President Trump’s previous opposition to CBDCs and government-backed dollar stablecoins, the global trend of financial tokenization could drive the U.S. to launch an on-chain digital dollar initiative. He mentioned that the White House is studying the relevant infrastructure, and the U.S. is already participating in the BIS Project Agora. Federal Reserve payment operations chief Mark Gould noted that the digital dollar is currently not within the Federal Reserve's scope of responsibilities, but if introduced, it would be managed by the Federal Reserve.