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Home»Regulation»CBDCs will be phased out on ‘day one’ of Ron DeSantis’ first term, according to presidential candidate
CBDCs will be phased out on 'day one' of Ron DeSantis' first term, according to presidential candidate
Regulation

CBDCs will be phased out on ‘day one’ of Ron DeSantis’ first term, according to presidential candidate

2023-07-17No Comments2 Mins Read
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Florida Governor Ron DeSantis says the agenda to bring in a central bank digital currency (CBDC) will be scrapped on his first day in office if he is elected president.

Speaking to popular news personality Tucker Carlson at the Family Leadership Summit, DeSantis say that he expects the Federal Reserve to try to push through a CBDC without going through Congress.

“If I am the president, we will ignore central bank digital currencies on day one. Done, dead, doesn’t happen in this country.

In the state of Florida, because the Fed has talked about this — and what the Fed said was, “Well, we wouldn’t do it without consulting the legislature and the executive, ideally we’d get a law passed.”

No no no, it’s not [what] the constitution says, [that] it is only ideal that a law be passed, then a law should be passed. I don’t think Congress would approve that, so I think maybe the Fed is trying to do something unilaterally. So what we’ve done in Florida is we’ve basically passed a law that says, ‘We don’t recognize CBDCs in the state of Florida.’ And I think other states will probably follow suit. That will hinder their ability to do it through executive action.

DeSantis has said several times this year that Florida would try to ban CBDCs if the federal government introduced one.

The governor says CBDCs are a trojan horse for eliminating physical money while giving government control over what people buy.

“They want to get rid of cash, they don’t want cryptocurrency and they want it to be the only form of legal tender. And they’ve said this publicly in Davos and other places. It will allow them to ban “undesired purchases” like fuel and ammunition, and so once you give them the power to do so, they’re going to impose a social credit system on this country. CBDC is a huge threat to American freedom.”

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