Ron DeSantis has pledged to ban central bank digital currencies (CBDC).
CBDC will allow people to prohibit undesirable purchases.
Florida Governor Ron DeSantis has made a strong statement ahead of the 2024 elections. United States presidential candidate Ron DeSantis has pledged to ban central bank digital currencies (CBDC) on day one if he emerges victorious in the 2024 elections. It sparks discussions about the future of money, technological advancements, and the role of governments in financial systems.
On July 14, the governor of Florida, Ron DeSantis, joined as a guest speaker at the Family Leadership Summit 2023. In the interview, presidential candidate Ron DeSantis answered the question of concerns about the next economic phase and his option to ban the Central Bank Digital Currencies. DeSantis replied that he would ban central bank digital currencies (CBDC) “on day one” if elected in 2024.
Ron DeSantis Says CBDC Will Become a Massive Threat
DeSantis’s recent statement has ignited intense debate among the crypto community, policymakers, and citizens. He mentioned that they would not recognize CBDC in the state of Florida. He is expecting that other states are probably going to follow suit, and that will stop their ability to do it through executive actions. Moreover, they don’t have the authority to do so because there would be a lawsuit.
According to the governor of Florida, CBDC will allow people to prohibit undesirable purchases. This will impose a social credit system on the country. Moreover, CBDC will become a massive threat to American liberty on January 20, 2025.
In recent days, DeSantis has continuously expressed his strong objection to CBDC. In the recent Fed announcement, he claimed that the government may use a CBDC for evil purposes, including to “control” American money. DeSantis expresses skepticism about their impact on the economy and financial stability.