©Reuters.
WASHINGTON – Former President Donald Trump and Florida Governor Ron DeSantis have expressed strong opposition to the potential creation of central bank digital currencies (CBDCs) in the United States. Both of these prominent Republican figures justified their positions with concerns about government overreach and the possibility of increased surveillance.
Mr. Trump has specifically pledged to combat any effort to debank individuals based on their political views, a position that resonates with part of his political base. This commitment closely aligns with the views of Governor DeSantis, who has also expressed his intention to prevent the implementation of a public digital dollar in the United States.
While the concept of CBDCs has been the subject of discussions within the Federal Reserve, no formal proposal for a digital dollar has been put forward. Discussions instead focused on the potential roles that regulated financial institutions could play, how consumer privacy could be protected, and the legal reporting obligations that could arise from such a currency. digital.
This joint opposition from Trump and DeSantis comes at a time when the idea of CBDCs is gaining attention globally, with several countries exploring or implementing digital versions of their national currencies.
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