Governor Ron DeSantis Bans Digital Dollar in Florida, Other States Prepare to Emulate Decision

Coinspeaker
Governor Ron DeSantis Bans Digital Dollar in Florida, Other States Prepare to Emulate Decision
Ron DeSantis, Governor of Florida recently signed a bill prohibiting the use of central bank-issued digital currencies (CBDCs) in the state. And now, his move may have set a precedent for other states to follow.
For DeSantis and many more like him, a CBDC defeats the aim of decentralization being that it is controlled by a centralized entity – the government. They also argue that through CBDCs, governments may eventually be able to manipulate where the money goes and what it is being used for.
Other States Speak Out
As it stands, states like Alabama, Louisiana, North Dakota, and Texas are also kicking against a digital dollar, and they have drafted bills to that effect. However, none of the other bills is yet as advanced as Florida’s.
The Legislature of Louisiana lawmakers, for instance, simply asks the US Congress to not support CBDCs. According to the lawmakers, the technolo

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