CBDCs Under Threat: This Presidential Candidate Vows To ‘Nix’ Digital Currency Plans

CBDCs Under Threat: This Presidential Candidate Vows To ‘Nix’ Digital Currency Plans

Florida Governor and U.S. Presidential candidate Ron DeSantis has voiced his opposition to the implementation of Central Bank Digital Currencies (CBDCs) in the United States. 
In a recent statement, he declared that if elected as President, he would put an end to any plans for CBDCs in the country.
CBDCs To Be Axed On Day One
DeSantis cited concerns about the potential threat to American liberty, arguing that a CBDC would allow the government to monitor and control citizens’ financial transactions, including the ability to prohibit purchases of items such as fuel and ammunition. 
He also suggested that the implementation of a CBDC would lead to the imposition of a social credit system in the country.
To counteract this perceived threat, DeSantis and the state of Florida have passed a law that refuses to recognize CBDCs within the state. He believes that other states will follow suit, effectively preventing the Federal Reserve from implementing a CBDC through executive action.
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