News View Non-AMP

CFTC Chair Says Bitcoin Ban Has Slim to None Odds as Strategic Reserve Announcement Nears

Published by
Debashree Patra

The Trump administration is continuing to double down on its pro-crypto stance, and recent comments from CFTC Chair Mike Selig gave one of the clearest signals yet about how Washington now views Bitcoin and digital assets.

Speaking during a conversation on the Market Disruptors Podcast with Mark Moss, Selig said the chances of the United States banning Bitcoin are now “slim to none.

“I think we must create a space for Bitcoin and crypto assets to flourish here,” Selig explained. “A space that’s future-proof, right? A space that we can’t have government coming in and seizing people’s crypto assets and Bitcoin.”

He argued that private property rights remain a core American principle and said those protections should extend to self-custody wallets and digital assets as well.

“This country was founded on the premise of private property,” he said. “All of our rights are derived from the right to own our own stuff.”

Trump Administration Pushes Crypto Roadmap

Selig repeatedly described Donald Trump as a “crypto president,” saying the White House is actively involved in shaping a long-term crypto roadmap for the country.

“We put out a report that really lays out what I believe is the blueprint to make the United States the absolute leader in crypto,” Selig said.

He pointed to the launch of regulated Bitcoin futures during Trump’s earlier administration as a major turning point for institutional adoption. Now, the White House is backing legislation like the Genius Act for stablecoins and the Clarity Act for broader crypto regulation.

Selig said the goal is to protect developers, exchanges, and self-custody users while preventing another version of “Operation Choke Point” or large-scale debanking of crypto businesses.

Strategic Bitcoin Reserve Narrative Grows

The conversation also touched on the growing Strategic Bitcoin Reserve narrative inside Washington.

Recently, White House crypto advisor Patrick Witt revealed that new announcements tied to the reserve and a broader digital asset stockpile could arrive “in the coming weeks.”

“We will be making announcements around the strategic Bitcoin reserve digital asset stockpile,” Witt said. “These assets are the new infrastructure, the new architecture of the financial future.”

He added that the administration now views Bitcoin similarly to gold and sees digital assets as increasingly important to America’s economic and national security strategy.

“We need to be leading on these,” Witt added, “and thinking very, very forward in terms of how we are approaching these assets.”

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Debashree Patra

Fun-loving and cheerful, a passionate blockchain and crypto writer who knows no boundary…connect if you share the same passion. With 10+ years of writing experience, I am a Crypto Journalist by chance, exploring, and learning all the dynamics of the sci-fi action-filled crypto world. Currently, focusing on cryptocurrency news and price data. With a passion for research and challenging my capabilities, I am slowly getting into the crypto arena to bring new insights every day.

Recent Posts

Zcash (ZEC) Price Surges as Selective Momentum Builds—Is a Break Above $600 Imminent?

Zcash (ZEC) has emerged as one of the strongest-performing cryptocurrencies over the past 24 hours,…

May 18, 2026

Why Japan and South Korea Are Going Big on XRP?

XRP’s strong popularity in Japan and South Korea is tied to something much bigger than…

May 18, 2026

Solana Trader Exits After Two Years With $1.05M Loss

On-chain analysts report that a Solana trader tied to wallet “GyBRmk” sold 21,911 SOL for…

May 18, 2026

Tom Lee Reveals Why Ethereum Price Is Down

Ethereum, the second-largest cryptocurrency, has erased all its May gains after falling nearly 10% over…

May 18, 2026

Hyperliquid ETF Buzz Fuels Rally: Can HYPE Price Hit $60 Next?

Hyperliquid (HYPE) is back in the spotlight as ETF momentum and renewed buying pressure fuel…

May 18, 2026

Verus Bridge Exploit Drains $11.58M From Ethereum Reserves

Blockaid warned that attackers exploited a validation gap in the Verus-Ethereum Bridge, draining roughly $11.58…

May 18, 2026