Bitcoin News and Finance
‘Done, Dead’ — DeSantis to Nix Central Bank Digital Currency on Day 1 Skip to main content

‘Done, Dead’ — DeSantis to Nix Central Bank Digital Currency on Day 1

‘Done, Dead’ — DeSantis to Nix Central Bank Digital Currency on Day 1

Central bank digital currency (CBDC) is a “massive threat” to liberty, Republican Governor of Florida Ron DeSantis is convinced. During an interview with former Fox News host Tucker Carlson, DeSantis vowed to send CBDC “to the ash heap of history” if he is elected President of the United States.

DeSantis Tells Carlson CBDC is ‘Not Happening’ in America With Him as President

Presidential hopeful Ron DeSantis reaffirmed his stance against the introduction of a central bank-issued digital currency such as a digital version of the U.S. dollar. Speaking with conservative political commentator Tucker Carlson on Friday, the candidate for the White House stated:

If I am the president, on Day 1, we will nix central bank digital currency. Done, dead, not happening in this country.

DeSantis pointed out that the U.S. Federal Reserve has been talking about CBDC and warned that the Fed may try to take unilateral steps in that direction. He doubted that the U.S. Congress would pass a bill allowing the central bank to issue a digital currency.

The governor reminded that Florida adopted legislation banning the use of CBDCs within the state which he signed into law in May, citing potential risks associated with CBDCs as well as concerns over privacy invasion and centralized control of financial transactions.

“I think other states are probably going to follow suit. That will jam their ability to do it through executive action,” DeSantis said when he was interviewed among other GOP presidential primary candidates during a conference organized by the conservative Christian organization The Family Leader.

“They want to get rid of cash, they want no cryptocurrency and they want this [CBDC] to be the sole form of legal tender, and they have said this publicly at like Davos and these other places. It will allow them to prohibit ‘undesirable purchases like fuel and ammunition,’” the governor detailed.

DeSantis further elaborated that “the minute you give them the power to do this, they are going to impose a social credit system on this country” and stated:

CBDC is a massive threat to American liberty. On Jan. 20, 2025, it goes to the ash heap of history in this country.

Before his election as Governor of Florida, Ron DeSantis represented the Sunshine State’s 6th Congressional District in the U.S. House of Representatives between 2013 and 2018. He announced his bid for President of the United States on May 24, 2023. DeSantis has promised to protect people’s rights to use bitcoin, attracting positive reactions from the crypto community.

Do you agree with Ron DeSantis on central bank digital currencies? Share your thoughts in the comments section below.

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory