The U.S. Treasury, Federal Reserve and White House officials “will begin to meet regularly” to talk about a possible central bank digital currency, said Nellie Liang, undersecretary for domestic finance at Treasury, in a speech delivered to the Atlantic Council in Washington. 

The Treasury-led CBDC working group will study the issue further and complement the Fed’s ongoing research into a digital dollar. Treasury recommended the working group in one of the digital asset policy papers it released last September. 

Liang emphasized that the working group does not necessarily signal a shift in U.S. policy over a digital dollar, with the Fed still in a lead research role.