Former CFTC Chair Timothy Massad stated that despite Donald Trump's public opposition to CBDCs or government-backed stablecoins, developments in this area are ultimately "inevitable" due to global market dynamics. Massad noted that the CBDC topic is highly sensitive in Washington, but discussions are happening behind the scenes; the U.S. is also a participant in the BIS Project Agora, which brings together 7 central banks. Fed's Mark Gould mentioned that central bank stablecoins are currently outside of the Fed's mandate, but if it involves a government-backed digital dollar, it will fall under the Fed's responsibility. (CoinDesk)