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FollowingCryptocurrency Regulation News
CFTC Chairman Mike Selig announced on July 8 that the United States will not launch a Central Bank Digital Currency (CBDC), pointing out that two official documents have hindered its development: one is the executive order signed by President Trump on January 25, 2025 (one week after taking office), and the other is a policy report issued by the President\'s Digital Asset Markets Working Group, where Selig himself works. 
Selig said that the previous government had actively promoted the digital dollar, but the current government needs to reverse these efforts after taking office.
Selig points to surveillance risks as a core concern.
The CFTC chairman has focused his opposition on the alleged dangers CBDC poses to ordinary Americans, particularly the risks of government surveillance and censorship of personal financial transactions. The working group reported that official administrative policy has explicitly prohibited the launch of CBDC.
\"Under our supervision, CBDC will never emerge in the United States.\" Selig wrote on the X platform.
The U.S. position runs counter to global trends
Other governments and central banks are still studying and piloting their own digital currencies. Selig did not mention what role privately issued stablecoins might play as alternative payment infrastructure under the current policy framework.
