CFTC Chair Says Bitcoin Ban Has Slim to None Odds as Strategic Reserve Announcement Nears

CFTC Chair Mike Selig signaled a pro-crypto pivot from Washington, saying a U.S. ban on Bitcoin is now “slim to none” and urging protections for private property, self-custody wallets and developers. The White House is described as actively shaping a long-term crypto roadmap—backing legislation such as the Geni(us) Act for stablecoins and the Clarity Act—and highlighting past launches of regulated Bitcoin futures as drivers of institutional adoption. Administration advisors also flagged a forthcoming “Strategic Bitcoin Reserve” announcement, framing Bitcoin alongside gold as infrastructure for economic and national security. The comments reduce regulatory tail-risk for Bitcoin, strengthen the case for further institutional adoption, and could lift market sentiment for BTC ahead of any official reserve-related disclosures.