President Donald Trump, surrounded by lawmakers, indicators the “GENIUS Act” into regulation throughout a ceremony within the East Room of the White Home on July 18, 2025. Anna Moneymaker/Getty Photos
A central financial institution digital forex (CBDC) is not going to be allowed in the USA, President Donald Trump stated at a White Home occasion on July 18, promising to take legislative motion to stop such a state of affairs.
“I additionally stay absolutely dedicated to my pledge, by no means to permit the creation of a central financial institution digital forex in America,” Trump stated. “My first week in workplace, I signed an government order to ban the creation of a CBDC in the USA. And really quickly, I look ahead to signing laws that can codify and make it a everlasting regulation.”