U.S. Presidential Candidate Ron DeSantis Vows to Halt CBDC Rollout If Elected President

May 25, 2023 anon Market Analysis
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U.S. Presidential Candidate Ron DeSantis Vows to Halt CBDC Rollout If Elected President
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Florida Governor Ron DeSantis has reaffirmed his stance on banning central bank digital currencies (CBDCs). Ron DeSantis vows to halt CBDC rollout if he is elected as U.S. president in 2021.

Governor DeSantis strongly opposes CBDCs and vows to prohibit their acceptance in Florida. He doubts Congress would authorize them and asserts that if the Fed or Treasury were to implement CBDCs unilaterally, Florida would have a legal prohibition against them. 

Governor DeSantis Takes Strong Stance Against CBDCs 

DeSantis aims to safeguard financial independence and prevent a surveillance state where all transactions are monitored. In March of last year, DeSantis actively advocated for legislation prohibiting the use of CBDCs in the state. 

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Speaking at an event titled “Government of Laws, Not Woke Politics,” he emphasized that if the U.S. Federal Reserve or Treasury were to officially establish a CBDC, Florida would implement a legal prohibition against its adoption.

Governor DeSantis actively opposed the federal government’s proposed central bank digital currency (CBDC) concept. Instead, he actively supported cryptocurrencies that operate independently of CBDCs.

Governor Ron DeSantis opposes the concept of a central bank digital currency (CBDC) and believes it poses dangers. He criticizes CBDCs as an attempt to eliminate cryptocurrencies and gain control over the financial system. DeSantis aligns with other Republican officials, such as Tom Emmer, Ted Cruz, and Marjorie Taylor Greene, who have expressed similar concerns. Democratic presidential candidate Robert Kennedy Jr. has also warned about the potential consequences of a CBDC, highlighting the risk of financial slavery.

DeSantis criticizes ‘woke politics,’ asserting that the opposition to cryptocurrencies stems from their inability to control them. He emphasizes that a desire for control drives the dislike of crypto and warns against centralized power over financial transactions.

Governor Ron DeSantis Takes Firm Stance on Economic Policy

DeSantis, a Republican from Florida, actively addressed the state’s economic policy. He demonstrated his commitment by signing a bill designed to counter the environmental and social governance (ESG) standards established by the U.S. government. 

Additionally, DeSantis clearly stated his intention to protect the interests of Floridians by prohibiting the use of state funds for ESG standards and investments. In his speech, Governor DeSantis actively voiced his concerns about the ESG agenda, emphasizing its misalignment with the priorities of the average Floridian or American. 

He explicitly described it as an agenda imposed by the elite and stressed the importance of acknowledging its potential dangers. 

DeSantis Voices Support for Bitcoin and Criticizes Crypto Regulation 

Governor DeSantis expressed his support for bitcoin (BTC) and criticized attempts by his opponents to regulate cryptocurrencies, considering them unnecessary government interference. He stated that the reason some politicians in Washington dislike bitcoin is because they can’t control it, and he believes they are threatened by its decentralized nature. 

While the SEC under the Biden administration has taken enforcement actions against cryptocurrency companies, DeSantis stated that he would firmly oppose any potential congressional ban on bitcoin, even though such a ban has not been seriously considered.

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