Trump Reaffirms Ban on U.S. Central Bank Digital Currency

U.S. President Donald Trump on Friday reiterated that his administration will "never" authorize a central bank digital currency, restating a position he first staked out during the 2024 election campaign. In remarks delivered on 18 July, Trump said he remains "committed" to blocking the creation of a CBDC in the United States, characterizing such an initiative as incompatible with his economic agenda. Trump added that he will not allow the U.S. dollar to "slide," warning that the loss of the currency’s global reserve status "would be like losing a war." The president did not outline specific policy measures but framed the pledge as central to safeguarding U.S. economic power.