Digital Dollar Ban vs BIS Project Agora: US Tokenisation Moves

Former CFTC chair Timothy Massad tok say US still dey look into digital dollar infrastructure even though dem don freeze domestic CBDC. For London’s Digital Money Summit on 19 May 2026, e mention BIS cross-border trial “Project Agora,” wey New York Fed dey work with seven central banks to test tokenised deposits alongside wholesale central bank money for a programmable platform. Dis talk follow Trump executive order wey e sign on 23 Jan 2025 wey ban any US digital dollar from being issued, circulated or used inside the country, and e limit federal promotion of foreign CBDCs. Another Senate bill wey go permanently stop the Federal Reserve from issuing a digital dollar pass 89–10 and e dey tied to housing package, but House approval still needed. One Fed official for the same summit talk say CBDC work no dey inside Fed’s remit right now. For crypto traders, the key takeaway na say talk about “digital dollar” dey shift to cross-border tokenisation experiments (BIS Project Agora), while the domestic ban remain the main near-term regulatory risk. This fit affect expectations for dollar settlement rails, competition with stablecoins, and how tokenised payments fit be regulated.