If elected president of the United States in 2024, Ron DeSantis has stated that he intends to outlaw central financial institution digital currency (CBDC) on his first day in office.
This opinion was voiced by DeSantis in a recent Blaze TV interview. The presidential contender famously took into account the Federal Reserve’s potential to issue digital currencies in the event of a financial disruption.
He criticized the Federal Reserve’s assertion that CBDC implementation might take place without seeking approval from the legislative and executive branches, highlighting the fact that such a transfer would necessitate the passage of legislation.
DeSantis emphasized the efforts taken in Florida, where a law was passed to invalidate the popularity of CBDC throughout the state, in order to impede the implementation of CBDC. Additionally, he expected that different states would follow suit, preventing the Federal Reserve from introducing CBDC through legislative action.
DeSantis forewarned that organization’s like the Davos World Financial Discussion Board, which support CBDCs, want to exchange money and cryptocurrencies as the sole true form of legal cash. Notably, Robert F. Kennedy Jr., a candidate for the US presidency, also voiced a similar opinion on CBDCs.
DeSantis also brought up the possibility of the CBDC’s power being abused, allowing the government to restrict certain transactions, and perhaps even instituting a social credit system. He stressed the threat that CBDCs pose to American liberty and promised, if elected, to consign them to the “ash heap of history” on January 20, 2025.
When pressed on the difficulties of carrying out his plan, particularly in the face of opposition from partisan Democrats and ingrained bureaucrats, DeSantis emphasised the importance of quickly filling open jobs in government departments.
Regarding the abuse of power within government organizations like the FBI and CIA, DeSantis suggested selecting a new FBI director immediately and underlined the need for like-minded individuals to hold positions within the principal department.