Donald Trump Vows to Ban CBDCs in Presidential Campaign Speech
Former U.S. President and 2024 election candidate Donald Trump expressed his opposition to central bank digital currencies (CBDCs) during a campaign speech in New Hampshire. He made it clear that if elected, he would “never allow” the Federal Reserve to create a digital currency. Trump believes that CBDCs serve as tools for government control over citizens’ money, stating that they could take your money without your knowledge.
Similar Promises by Other Presidential Candidates
This is not the first time a presidential candidate has spoken out against CBDCs. Florida Governor Ron DeSantis has also promised to alleviate regulatory pressure on the crypto industry and prevent the issuance of what he sees as a potentially dangerous CBDC.
Trump’s Stance on Blockchain and Cryptocurrency
Despite his opposition to CBDCs, Trump remains enthusiastic about blockchain technology. He has even released collections of non-fungible tokens (NFTs), with his latest collection launching recently. Official documents indicate that Trump holds digital assets worth $2.8 million in his wallet, although he has previously expressed skepticism towards Bitcoin, referring to it as a “scam.”
Hot Take: Donald Trump Takes a Strong Stance Against CBDCs in His Presidential Campaign
During his campaign speech, former U.S. President Donald Trump made it clear that he would ban central bank digital currencies if elected. He believes that CBDCs grant governments absolute control over citizens’ money, posing a potential threat. While opposing CBDCs, Trump remains interested in blockchain technology and has even dabbled in the world of NFTs. This stance sets him apart from other presidential candidates who have also voiced concerns about CBDCs. As the 2024 election approaches, it will be interesting to see how this issue unfolds and whether it will impact the future of digital currencies in the United States.
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