CFTC Chairman Says No CBDC Will Launch Under Trump Administration

CFTC Chairman Mike Selig has stated that the United States will not develop a central bank digital currency while President Trump remains in office, reinforcing the administration’s firm opposition to the idea.

Selig Cites Privacy Concerns

Selig said a CBDC will never be launched in the U.S. under the current administration, pointing to concerns from the President’s Working Group on Digital Assets. According to Selig, the group recognizes the risks a CBDC could pose to Americans, particularly around government monitoring or control over personal financial decisions.

Part Of Broader Administration Stance

The statement reflects the administration’s consistent position against a state issued digital currency, aligning with earlier signals from Trump officials who have favored private-sector innovation in digital assets over government controlled alternatives.