Ron DeSantis Vows to Ban CBDCs in His 2024 Presidential Campaign

Ron De Santis CBDC


IMPORTANT POINTS:

  • Ron DeSantis vows to ban central bank digital currencies (CBDCs) in his 2024 presidential campaign.
  • DeSantis criticizes the Federal Reserve’s plans and compares the CBDC to China’s digital yuan initiatives.
  • He vows to end “Joe Biden’s war on Bitcoin and cryptocurrency.”

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Florida Governor Ron DeSantis has vowed to ban central bank digital currencies (CBDCs) in his 2024 presidential campaign. At an event in New Hampshire, he reiterated his stance to kill the Federal Reserve’s plans to implement a CBDC and end “Joe Biden’s war on Bitcoin and cryptocurrency” if he becomes president.

The governor compared the US government’s plans to those of China, arguing that “rogue elites” cannot properly handle a digital currency. DeSantis assured that as president, the CBDC would be scrapped on his first day in office.

Although he faces tough competition in the primary, DeSantis is considered the second-most viable Republican candidate, though he still trails far behind Donald Trump in the polls.

In the political landscape, Democratic and Republican candidates have expressed opinions on cryptocurrencies such as Bitcoin and CBDCs. Other candidates, such as Robert F. Kennedy Jr. and Miami Mayor Francis Suarez, have also made pro-crypto stances during their campaigns.

In the political landscape, Democratic and Republican candidates have expressed opinions on cryptocurrencies such as Bitcoin and CBDCs. Other candidates, such as Robert F. Kennedy Jr. and Miami Mayor Francis Suarez, have also made pro-crypto stances during their campaigns.