{"id":905395,"date":"2026-05-13T08:12:24","date_gmt":"2026-05-13T13:12:24","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/05\/13\/cftc-chair-says-bitcoin-ban-has-slim-to-none-odds-as-strategic-reserve-announcement-nears\/"},"modified":"2026-05-13T08:12:24","modified_gmt":"2026-05-13T13:12:24","slug":"cftc-chair-says-bitcoin-ban-has-slim-to-none-odds-as-strategic-reserve-announcement-nears","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/05\/13\/cftc-chair-says-bitcoin-ban-has-slim-to-none-odds-as-strategic-reserve-announcement-nears\/","title":{"rendered":"CFTC Chair Says Bitcoin Ban Has Slim to None Odds as Strategic Reserve Announcement Nears"},"content":{"rendered":"
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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.<\/p>\n

Speaking during a conversation on the Market Disruptors Podcast <\/a>with Mark Moss, Selig said the chances of the United States banning Bitcoin are now \u201cslim to none.<\/p>\n

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\u201cI think we must create a space for Bitcoin and crypto assets to flourish here,\u201d Selig explained. \u201cA space that\u2019s future-proof, right? A space that we can\u2019t have government coming in and seizing people\u2019s crypto assets and Bitcoin.\u201d<\/p>\n<\/blockquote>\n

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.<\/p>\n

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\u201cThis country was founded on the premise of private property,\u201d he said. \u201cAll of our rights are derived from the right to own our own stuff.\u201d<\/p>\n<\/blockquote>\n

Trump Administration Pushes Crypto Roadmap<\/strong><\/h2>\n

Selig repeatedly described Donald Trump as a \u201ccrypto president,\u201d saying the White House is actively involved in shaping a long-term crypto roadmap for the country.<\/p>\n

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\u201cWe put out a report that really lays out what I believe is the blueprint to make the United States the absolute leader in crypto,\u201d Selig said.<\/p>\n<\/blockquote>\n

He pointed to the launch of regulated Bitcoin futures during Trump\u2019s 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.<\/p>\n

Selig said the goal is to protect developers, exchanges, and self-custody users while preventing another version of \u201cOperation Choke Point\u201d or large-scale debanking of crypto businesses.<\/p>\n

Strategic Bitcoin Reserve Narrative Grows<\/strong><\/h2>\n

The conversation also touched on the growing Strategic Bitcoin Reserve narrative inside Washington.<\/p>\n

Recently, White House crypto advisor Patrick Witt revealed that new announcements tied to the reserve and a broader digital asset stockpile could arrive \u201cin the coming weeks.\u201d<\/p>\n

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\u201cWe will be making announcements around the strategic Bitcoin reserve digital asset stockpile,\u201d Witt said. \u201cThese assets are the new infrastructure, the new architecture of the financial future.\u201d<\/p>\n<\/blockquote>\n

He added that the administration now views Bitcoin similarly to gold and sees digital assets as increasingly important to America\u2019s economic and national security strategy.<\/p>\n

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\u201cWe need to be leading on these,\u201d Witt added, \u201cand thinking very, very forward in terms of how we are approaching these assets.\u201d<\/p>\n<\/blockquote>\n<\/div>\n

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