In light of President Trump's executive order banning Central Bank Digital Currencies (CBDC), the Information Technology and Innovation Foundation (ITIF) has released a statement urging the United States to evaluate the potential for a digital dollar. The ITIF, recognized as a leading think tank in science and technology policy, conveyed this message through its Vice President Daniel Castro.

Castro stated, "While the United States should avoid rushing into developing a digital dollar, it should continue to assess its feasibility." He highlighted that numerous countries are currently exploring the possibility of establishing their own digital currencies and are working on building the necessary technical capabilities. To maintain global competitiveness, he suggested that the U.S. should be ready to introduce a central bank digital currency comparable to those of international counterparts if required.

For further information, Nicole Hinojosa can be contacted at [email protected].