President Donald Trump has renewed his vow to block the creation of a U.S. central bank digital currency, calling the idea a threat to personal freedom and to the dollar’s standing as the world’s reserve currency. Reaffirming a pledge he first made on the campaign trail, Trump said he would “never” permit a CBDC and warned that losing the dollar’s dominant role would be “like losing a war.” At a White House ceremony on 18 July, Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which sets a 100% reserve requirement and strict disclosure rules for privately issued dollar-backed tokens. He also highlighted an executive order issued during his first week in office, dated 23 January, that bars federal agencies from developing or promoting a CBDC. The president told lawmakers he expects forthcoming legislation to make the ban permanent. Trump coupled his comments on digital money with fresh assurances that his administration will protect the strength of the U.S. dollar. Speaking on 25 July, he said he would "never say" he wants a weak currency, even though a strong greenback can hamper U.S. exports. He contrasted his stance with what he described as China’s policy of engineering a lower yuan to gain trade advantages.