President Donald Trump delivers remarks during a signing ceremony for the “GENIUS Act” in the East Room of the White House in Washington on July 18, 2025. Anna Moneymaker/Getty ImagesA central bank digital currency (CBDC) will not be allowed in the United States, President Donald Trump said at a White House event on July 18, promising to take legislative action to prevent such a situation.

“I also remain fully committed to my pledge, never to allow the creation of a central bank digital currency in America,” Trump said. “My first week in office, I signed an executive order to ban the creation of a CBDC in the United States. And very soon, I look forward to signing legislation that will codify and make it a permanent law.”