Woofun AI reports that CFTC Chairman Mike Selig has issued a definitive prohibition against the issuance of a Central Bank Digital Currency (CBDC) in the United States, citing inherent privacy violations. This hardline stance is coordinated with the Trump administration’s digital asset working group, which has identified severe risks to American citizens associated with state-issued digital money.

The primary objection centers on the erosion of the privacy of ordinary Americans. Selig argues that a CBDC would enable the government to monitor and censor economic decisions, effectively turning financial transactions into tools for surveillance and financial control. Under the CFTC’s oversight, such a mechanism for tracking individual spending habits will not be permitted to take root.

Woofun AI data shows bipartisan skepticism in Washington has solidified against a government-controlled alternative. The regulatory environment is shifting to favor private-sector innovation and decentralized digital assets, rejecting the notion of a state-backed competition. This policy direction aims to remove uncertainty for investors and businesses operating in the crypto space, ensuring they are not displaced by a centralized digital dollar.

This declaration marks a pivotal moment in digital asset policy, reinforcing a commitment to a free-market approach. By drawing a clear line on government oversight, the CFTC prioritizes individual economic freedoms over centralized infrastructure. This represents a structural shift toward protecting private financial autonomy.