HomeNFT'sDonald Trump Pledges To Halt CBDC Establishment In U.S., Brands It "Perilous...

Donald Trump Pledges To Halt CBDC Establishment In U.S., Brands It “Perilous Menace To Liberty”

-


Join Our Telegram channel to stay up to date on breaking news coverage

Former President Donald Trump promised to ban the creation of a central bank digital currency (CBDC) if he regains office.

“This would be a dangerous threat to freedom, and I will stop it from coming to America,” said Trump, the front-runner in the Republican leadership race.

Donald Trump Fears Feds Will Take Absolute Control With A CBDC

Speaking during a campaign appearance in New Hampshire, Trump elaborated by saying that “such a currency would give a federal government absolute control over your money. They could take your money, and you wouldn’t even know it was gone. I will never allow the creation of a central bank digital currency.”

Trump was accompanied on stage by Vivek Ramaswamy, a crypto-friendly former candidate who recently suspended his campaign and announced that he would endorse Trump.

CBDCs A Hot Topic In U.S. Politics

While there is no proposal from the Federal Reserve to introduce a CBDC, an American CBDC has become a popular issue in U.S. politics. The topic has also emerged as one of the main problems for Florida Governor Ron DeSantis’ office. 

By choosing to focus on CBDCs and to say he’d it into the trash can, DeSantis has managed to garner more public interest than if he had focused on other problems frequently brought forward, such as gun rights and abortion.

Still, he’s not anti-crypto.

“We are going to let Americans invest in things like Bitcoin and cryptocurrency,” he said while speaking at a New Hampshire campaign event. “Biden’s war on Bitcoin currency will come to an end when I become president.”

The U.S. House Financial Services Committee also added a major obstacle that restricts the Federal Reserve from issuing a CBDC. Introduced by Majority Whip Tom Emmer in September 2023, the CBDC Anti-Surveillance State Act prevents the Federal Reserve from issuing a CBDC to individuals.

Emmer said “a central bank digital currency is nothing more than a CCP [Chinese Communist Party]-style surveillance tool that can be weaponized to oppress the American way of life.” 

Related Articles:

New Crypto Mining Platform – Bitcoin Minetrix

Bitcoin Minetrix
  • Audited By Coinsult
  • Decentralized, Secure Cloud Mining
  • Earn Free Bitcoin Daily
  • Native Token On Presale Now – BTCMTX
  • Staking Rewards – Over 100% APY

Bitcoin MinetrixBitcoin Minetrix


Join Our Telegram channel to stay up to date on breaking news coverage



LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

An Academic Journal by Unlearn Shows Evidence of Implementing AI-Powered Digital Duplicates in the Healthcare Sector

SAN FRANCISCO–(BUSINESS WIRE)–Unlearn®, an artificial intelligence research company today announced its peer-reviewed scientific manuscript, entitled “Increasing Acceptance of AI-Generated Digital Twins Through Clinical Trial...

Forget $10,000, Expert in Cryptocurrency Predicts Ethereum ETFs Will Drive ETH To $14,000

The long-awaited Ethereum ETFs have finally hit the market, marking a significant milestone for Ethereum and other altcoins. Industry experts and enthusiasts are looking...

Solympics Price Projection: SOLYMPICS Drops 43% With Specialists Advising to Look at This Alternate Olympics Meme Coin For 10x Profits

Join Our Telegram channel to stay up to date on breaking news coverage The Solympics price crashed 43% in the last 24 hours to trade...

Most Popular