In an interview with Tucker Carlson on Friday, presidential candidate and Florida Gov. Ron DeSantis (R) has pledged to oppose the introduction of a central bank-issued digital currency (CBDC) in the United States, stating, “If I am the president, on Day 1, we will nix central bank digital currency. Done, dead, not happening in this country.” DeSantis warned that the Federal Reserve could try to introduce a CBDC unilaterally, a move he believes Congress would not endorse.
DeSantis pointed out that Florida has already banned CBDCs, saying, “I think other states are probably going to follow suit. That will jam their ability to do it through executive action.” The politician expressed concerns about privacy and centralized control of financial transactions with a CBDC. He also suggested it could lead to restrictions on “undesirable purchases like fuel and ammunition.”
Expressing concern about potential misuse of power, DeSantis warned, “the minute you give them the power to do this, they are going to impose a social credit system on this country.” He committed to halting CBDC on assuming presidency, asserting, “CBDC is a massive threat to American liberty. On Jan. 20, 2025, it goes to the ash heap of history in this country.”
First published at Bitcoin.com.
Jack McPherrin ([email protected]) is a managing editor of StoppingSocialism.com, research editor for The Heartland Institute, and a research fellow for Heartland's Socialism Research Center. He holds an MA in International Affairs from Loyola University-Chicago, and a dual BA in Economics and History from Boston College.
