• Republican Presidential candidate Ron DeSantis said he will immediately block central bank digital currency (CBDC) if elected president
• He believes CBDCs are a massive threat to American liberty and that they must go the ash heap of history
• The Federal Reserve plans to consult the legislative and executive branches of U.S. government and “ideally” have a law passed authorizing a CBDC
U.S. Presidential Candidate Opposes Central Bank Digital Currencies
Republican Presidential candidate Ron DeSantis said on July 4 that he will immediately block central bank digital currency (CBDC) if he is elected president. In an interview with Blaze Media, DeSantis expressed his belief that CBDCs are a massive threat to American liberty.
Federal Reserve Plans To Consult Government On CBDC Authorization
In anticipation of potential authorization, the Federal Reserve plans to consult the legislative and executive branches of U.S. government and “ideally” have a law passed authorizing a CBDC.
„Done, Dead, Not Happening In This Country“
„If I am the president,“ DeSantis said, „on day one, we will nix central bank digital currency — done, dead, not happening in this country.“
„A Massive Threat To American Liberty“
„A CBDC is a massive threat to American liberty,“ DeSantis warned, „and on January 20, 2025 it goes the ash heap of history.“
Conclusion
DeSantis‘ strong words against any potential authorization of a CBDC show his commitment to protecting US citizens from what he perceives as dangerous threats to their freedom.