The US Treasury Secretary stated that America will never launch its own digital dollar. We explain why.
US Treasury Secretary Scott Bessent has stated that the current Trump administration has completely ruled out the possibility of launching a central bank digital currency.
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“This administration has made it clear that there will be no central bank digital currency. It would be a first step toward surveillance, so we have taken that option off the table,” Bessent said at a White House press briefing.
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The US View: Private Stablecoins Instead of CBDCs
According to the Treasury Secretary, the US will focus on developing private dollar-backed stablecoins and attracting the crypto industry to the country. He emphasized that the global market will choose the dollar and private sector solutions, not government digital currencies.
Bessent also urged Congress to pass the CLARITY Act, the key digital asset regulation bill, as quickly as possible.
“We need to bring all this back to American soil. All the madness happening offshore needs to be onshore,” the Treasury Secretary noted.
Read more: What Is the Clarity Act and Why It Changing Crypto in 2026
How Trump Administration Policy Affects Crypto
This statement aligns perfectly with the course set since Trump took office. In January 2025, during his confirmation hearing, Bessent rejected the idea of a CBDC. In February 2026, he repeated that America should become the global hub for digital assets.
In July 2025, Trump signed the GENIUS Act, the first significant federal law regulating stablecoins. The administration is now actively pushing the next step—the CLARITY Act—which would create comprehensive rules for the entire crypto industry.
What the US Decision Means for the Crypto Market
The rejection of a government digital dollar and the focus on private stablecoins is seen by the market as a strong positive signal. It strengthens the dollar’s position in the global digital economy and reduces the risks of excessive government control.
Many experts note that this approach allows the US to maintain technological and financial leadership while avoiding the surveillance risks that CBDCs entail.
Learn more: Stablecoin Regulations 2026 — What Crypto Traders Need to Know Before Using
