CFTC Chairman Mike Selig has stated plainly that the United States will not have a central bank digital currency under President Trump.
The remarks land at a moment when the legislative branch is actively catching up to the executive branch’s position. The Senate passed a housing bill in June 2026 that includes a four-year ban on Federal Reserve issuance of CBDCs, effectively turning Trump’s executive order into something with real statutory teeth.
From executive order to legislative reality
The anti-CBDC posture isn’t new. Trump signed Executive Order 14178 on January 23, 2025, prohibiting federal agencies from establishing or promoting any central bank digital currency.
Selig, who was confirmed as CFTC Chairman on December 18, 2025, and sworn in four days later, has spent his tenure focused on regulatory clarity for digital assets and expanding the CFTC’s influence over the sector. His confirmation of the no-CBDC stance isn’t a new policy announcement. It’s a reaffirmation that the administration’s position has only hardened with time.
