Florida Governor Ron DeSantis has declared central bank digital currencies (CBDCs) a “threat to American liberty.”

During an interview with former Fox News anchor Tucker Carlson, DeSantis, a presidential candidate, asserted his administration would thwart any efforts by the Federal Reserve to launch a digital dollar.

Ron DeSantis: The Fed Wants to Replace Cash With CBDC

At an event organized by the right-wing lobbying group Family Policy Alliance, Carlson queried DeSantis about his concerns that the Federal Reserve might attempt to impose a CBDC on Americans.

DeSantis maintained that any such action would require congressional approval. Nevertheless, he voiced concerns that the Fed might try to initiate a digital dollar unilaterally, an action he believes would be unconstitutional.

“if I’m the President, on day one, we will nix central bank digital currency,” DeSantis said to clarify his opposition to the technology.

Read more: Why Crypto Became a Crucial Legislative Issue for the 2024 US Presidential Election

So why is the Florida governor so adamantly against CBDCs? DeSantis holds that the Federal Reserve will leverage the technology to further an anti-cash, anti-crypto strategy.

“They want to get rid of cash. They want no cryptocurrency. They want [CBDCs] to be the sole form of legal tender. It will allow them to prohibit undesirable purchases like fuel and ammunition,” DeSantis contended.

Hot Topic of the 2024 Presidential Election: CBDCs and Cryptos

As the 2024 election season heats up, CBDCs have become a focal point. Particularly within libertarian factions of the Republican Party, there are worries that these currencies could infringe upon Americans’ privacy rights.

Critics of CBDCs also argue they could give governments excessive control over personal spending.

DeSantis,

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Author: James Morales

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