Donald Trump vows to stop the creation of CBDCs in the United States, calling them a “dangerous threat to freedom.”

former president donald erase He promised to ban the issuance of central bank digital currency (CBDC) if he remains in office.

“This would be a dangerous threat to freedom,” Trump, the Republican front-runner, said. “I will stop it from coming into the United States.”

Donald Trump fears the Federal Reserve will gain absolute control over CBDCs.

“Such a currency would give the federal government absolute control over your money,” Trump explained while campaigning in New Hampshire. They can take your money and you won’t even know it’s gone. “I will never allow the creation of a central bank digital currency.”

JUST IN: 🇺🇸 Donald Trump said, “As your president, I will never allow the creation of a central bank digital currency. Such a currency would give our federal government absolute control over your money.” said. pic.twitter.com/lSE2AGYgOm

— Bitcoin Magazine (@BitcoinMagazine) January 18, 2024

Trump took the stage with Vivek Ramaswamy, a cryptocurrency-friendly former candidate who recently suspended his campaign. presentation He said he would support Trump.

CBDC is a hot topic in US politics

There is no suggestion of federal reserve bank In order to introduce CBDC, CBDC has become a popular issue in American politics. The topic has also emerged as one of the top issues for Florida Governor Ron DeSantis’ office.

By focusing on CBDCs and saying they’re in the trash, DeSantis was able to get more public attention than if he focused on other frequently raised issues, like gun rights and abortion.

Nonetheless, he is not anti-cryptocurrency.

“We’re going to get Americans investing in things like Bitcoin and cryptocurrencies,” he said while speaking at a New Hampshire campaign event. “Biden’s war on Bitcoin currency will end when I become president.”

America’s first anti-CBDC bill passed the Financial Services Committee today! This is a historic step toward defending against an ever-expanding government surveillance state. https://t.co/1XXSEHOhNC

— Tom Emmer (@GOPMajorityWhip) September 20, 2023

The U.S. House of Representatives Financial Services Committee also added a major hurdle limiting the Federal Reserve from issuing CBDCs. Introduced The September 2023 Anti-CBDC Surveillance Act, passed by Majority Leader Tom Emmer, would prohibit the Federal Reserve from issuing CBDCs to individuals.

Emma “Central bank digital currencies are nothing more than Chinese Communist Party-style surveillance tools that can be weaponized to suppress the American way of life.”

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