• Home
  • Bitcoin
  • Donald Trump Pledges to Halt Creation of CBDC in United States, Labels It as “Serious Menace to Liberty”
Donald Trump Pledges to Halt Creation of CBDC in United States, Labels It as "Serious Menace to Liberty"

Donald Trump Pledges to Halt Creation of CBDC in United States, Labels It as “Serious Menace to Liberty”

Trump Vows to Ban CBDC if Re-elected

According to former President Donald Trump, the creation of a central bank digital currency (CBDC) is a dangerous threat to freedom and he promises to stop it in America if he regains office.

Concerns Over Control with CBDCs

Donald Trump expressed his concerns about a central bank digital currency, stating that it would give the federal government absolute control over people’s money. He firmly stated that he would not allow the creation of a CBDC.

The Political Landscape on CBDCs

While no formal proposal has been made by the Federal Reserve to introduce a CBDC, the topic of an American CBDC has become a focal point in U.S. politics. This issue has also garnered widespread attention for Florida Governor Ron DeSantis.

However, DeSantis has made it clear that he is not against cryptocurrency and vowed to allow Americans to invest in assets like Bitcoin.

Pushback Against CBDCs

The U.S. House Financial Services Committee has introduced a bill restricting the Federal Reserve from issuing a CBDC. The bill was spearheaded by Majority Whip Tom Emmer, who believes that a central bank digital currency could be used as a surveillance tool.

Hot Take

It’s important to stay informed about how political leaders view the introduction of central bank digital currencies. It’s an evolving topic that can have major implications for the future of finance and individual freedoms.

Read Disclaimer
This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

Share it

Donald Trump Pledges to Halt Creation of CBDC in United States, Labels It as "Serious Menace to Liberty"