US CFTC Chairman Mike Selig: "Will never issue a CBDC"! Refuses financial surveillance.

According to the latest video statement released today (8th) by Mike Selig, the 16th Chairman of the U.S. Commodity Futures Trading Commission (CFTC), the Trump administration's staunch opposition to central bank digital currencies (CBDCs) has been firmly established. Selig warned that CBDCs would become a dangerous tool for the government to monitor people's spending, and boldly declared, "There will never be a US CBDC." This move quickly earned strong praise from Bitcoin advocates.
(Previous Report: U.S. Senate Passes Housing Bill 85:5, Including a 4-Year Fed CBDC Ban)
(Background Supplement: After the July 4th Deadline, the CLARITY Crypto Bill Still Stuck in Congress, U.S. Regulation in Long-Term Gridlock)

As central banks around the world actively promote the development of central bank digital currencies (CBDCs), the Trump administration in the U.S. has chosen to firmly say "no" to this technology.

At 8:00 PM Taiwan time on July 8, 2026, the current 16th Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Mike Selig, released a public speech video approximately 34 seconds long on his personal X platform, strongly reaffirming the U.S. government's firm stance against launching a digital dollar.

.@POTUS's Working Group on Digital Asset Markets is well aware of the danger that a central bank digital currency poses to everyday Americans who do not want the government monitoring and censoring their economic decisions.

Under our watch, there will never be a US CBDC. pic.twitter.com/DCyIIyheA5

— Mike Selig (@ChairmanSelig) July 8, 2026

Rejects Economic Surveillance, CFTC Chairman Vows to Block CBDC

In his post, Selig stated bluntly that the President's Working Group on Digital Asset Markets is well aware of the potential threat CBDCs pose to everyday Americans. He explained that the technology could grant authorities excessive power, while Americans do not want the government to monitor and censor their private economic decisions.

To soothe market concerns about financial privacy, Selig gave the clearest assurance at the end of his statement: "There will never be a US CBDC." This remark not only perfectly echoes the Trump administration's long-standing support for decentralized cryptocurrencies, but also effectively eliminates any possibility of a digital dollar issued by the U.S. Federal Reserve (Fed) at the policy level.

Community Enthusiastic, Bitcoin Advocates Cheer

This clear policy statement quickly resonated widely within the crypto community. As of now, the post has attracted nearly 15k views. Most responders expressed strong support, seeing it as an important barrier to protect citizens' financial privacy; some Bitcoin supporters even commented, cheering that Bitcoin (BTC) is the perfect solution born to resist such centralized surveillance currencies.

Although a tiny minority of replies argued that CBDCs could balance privacy and efficiency if designed appropriately, judging from the CFTC Chairman's resolute stance, the development of CBDCs in the U.S. has undoubtedly been completely sentenced to death by the Trump administration.