- Ron DeSantis pledges to ban central bank digital currencies (CBDC) if elected.
- He cited concerns about their potential misuse and threat to American liberty.
- DeSantis warned that CBDCs aim to replace cash and cryptocurrencies.
US Presidential candidate Ron DeSantis has declared his intention to ban central bank digital currencies (CBDC) in the United States on his first day in office if elected in 2024.
DeSantis expressed this sentiment in a recent interview with Blaze TV. The presidential candidate noted concerns about the potential issuance of digital currencies by the Federal Reserve following an economic disruption.
He criticized the Federal Reserve’s suggestion that CBDC implementation could happen without consulting the legislative and executive branches, emphasizing that such a move would require a law to be passed.
To prevent CBDC implementation, DeSantis highlighted the actions taken in Florida, where a law was passed to invalidate the recognition of CBDC within the state. He also predicted that other states would follow suit, hindering the Federal Reserve’s ability to introduce CBDC through executive action.
DeSantis warned that CBDCs, advo…
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