CFTC Chairman Says Bitcoin Ban Is Absolutely Unlikely As Strategic Reserve Announcement Nears.
The Trump administration continues to double down on its pro-crypto stance, and recent comments from CFTC Chairman Mike Selig provided one of the clearest signals yet about how Washington currently views Bitcoin and digital assets.
In a Market Disruptors podcast conversation with Mark Moss, Selig said the chances of the U.S. banning Bitcoin are now “slim.”
“I think we need to create a space for Bitcoin and crypto assets to thrive here,” Selig explained. “It’s a future-proof space, right? It’s a space where we can’t allow the government to come in and seize people’s cryptocurrency assets and Bitcoin.”
He argued that private property rights remain a core American principle and said these protections should also apply to self-managed wallets and digital assets.
“This country was founded on the premise of private property,” he said. “All our rights are derived from the right to own things of our own.”
Trump administration pushes cryptocurrency roadmap
Selig repeatedly described Donald Trump as the “crypto president” and said the White House is actively engaged in establishing the country’s long-term cryptocurrency roadmap.
“We have released a report that actually outlines what we believe is a blueprint for making the United States the undisputed leader in cryptocurrency,” Selig said.
He pointed out that the launch of regulated Bitcoin futures early in the Trump administration was a major turning point in institutional adoption. Now the White House is supporting bills like the Genius Act for stablecoins and the Clarity Act for broader cryptocurrency regulation.
Selig said the goal is to prevent another version of “Operation Choke Point” or large-scale debanking of cryptocurrency companies while protecting developers, exchanges and self-administered users.
Strategic Bitcoin Reserves Narrative Growing
The conversation also touched on the growing strategic Bitcoin reserve narrative within Washington.
Recently, White House cryptocurrency adviser Patrick Witt said new announcements related to reserves and broader digital asset inventories could arrive “in the coming weeks.”
“We will be announcing a strategic Bitcoin reserve digital asset reserve,” Witt said. “These assets are the new infrastructure and the new architecture of the financial future.”
He added that the administration now views Bitcoin as similar to gold and sees the digital asset as increasingly important to America’s economic and national security strategy.
“We have to lead in these areas and be very forward-thinking about how we approach these assets,” Witt added.
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