Trump Admin Reaffirms No-CBDC Stance, Demands Passage of CLARITY Act

Treasury Secretary Scott Bessent has reaffirmed the Trump administration's stance on central bank digital currencies (CBDCs). In a recent White House press briefing, Bessent declared that there will be no U.S. CBDC under the current administration.

This move aligns with the administration's preference for private innovation over government-controlled alternatives. Bessent also called on Congress to move forward with the CLARITY Act, which aims to bring regulatory certainty to the digital asset market.

The CLARITY Act, formally known as H.R. 3633, passed the House in July 2025 with a bipartisan margin of 294-134. The Senate Banking Committee voted to advance it 15-9 and placed it on the Senate Legislative Calendar under General Orders.

Bessent's remarks come weeks after he engaged in a meeting with Congress on the same bill. The administration's stance on digital assets has consistently favored private innovation, making this move significant for the crypto market.