The presidential candidate also highlighted that China is adopting CBDCs.
Congressman Warren Davidson also recently called for a ban on CBDCs.
The crypto market has experienced massive growth and significant development over the last few years.
Recently, cryptocurrencies have taken over the headlines as U.S. presidential candidates have continuously shown their interest in them. Several candidates have made strong statements against CBDCs. Adding to that, presidential candidate Vivek Ramasamy stated that Central Bank Digital Currency is a grave threat to liberty.
On August 9, Vivek Ramasamy uploaded a video on Twitter sharing his viewpoint on CBDCs. In this video, he stated, “I’m an opponent to Central Bank Digital Currency.” Moreover, he thinks that CBDC is a grave threat to liberty. The statement from the presidential candidate has gotten the attention of the entire crypto community.
The Presidential Candidate Stands Against CBDCs
The presidential candidate also highlighted that China is adopting CBDCs to curb people’s freedom. So the United States should not follow suit. He especially stated that precisely the reason that the Chinese Community Party (CCP) wants to adopt it is why we in the United States shouldn’t.
Vivek Ramaswamy also claimed that the Federal Reserve has been a bad actor for the last 25 years. Congressman Warren Davidson also recently called for a ban on CBDCs. According to him, CBDCs corrupt money into a tool for coercion and control. And he also added that Congress must ban CBDCs.
In recent days, U.S. presidential candidates have expressed their ideas and thoughts on cryptocurrencies, blockchain technology, and CBDCs in the campaign ahead of the upcoming election. Some have supported it, and some have been against it. However, everyone has shared their thoughts and ideas. Adding to it, Vivek Ramaswamy has shared his perspective on the Central Bank Digital Currency.