Donald Trump and Robert F. Kennedy Jr. Oppose CBDC Creation
Both U.S. presidential candidates, Donald Trump and Robert F. Kennedy Jr. (RFK Jr.), have expressed their strong opposition to the creation of a central bank digital currency (CBDC) in the United States.
RFK Jr. recently took to social media to discuss financial freedom and pledged that if he becomes president, he will halt efforts to move towards a CBDC.
Dr. Joseph @Mercola and I discuss financial freedom in the 21st century. As president, I will end the efforts to move toward a CBDC. #Kennedy24 pic.twitter.com/gao3D1HAeM
— Robert F. Kennedy Jr (@RobertKennedyJr) January 24, 2024
Last year, Kennedy also emphasized his commitment to protecting bitcoin and ending the White House’s war on the cryptocurrency if he is elected. He warned about the dangers of CBDCs, explaining that they enable social surveillance and control by the government.
Trump’s Pledge to Protect Americans from Government Tyranny
Former President Donald Trump echoed RFK Jr.’s concerns and made a promise during a recent rally that he would never allow the creation of a digital dollar. He argued that a CBDC would give the federal government absolute control over people’s money, posing a dangerous threat to freedom.
This would be a dangerous threat to freedom, and I will stop it from coming to America.
Trump’s stance on CBDCs was influenced by Vivek Ramaswamy, who highlighted the dangers of these digital currencies. Rep. Tom Emmer also expressed support for Trump’s position and expressed his willingness to work with him in preventing the Federal Reserve from implementing a CBDC.
Fed Chair’s Statement on CBDC
While the idea of central bank digital currencies continues to generate interest, the Federal Reserve has not yet made a decision on launching its own CBDC. Fed Chair Jerome Powell clarified in September of last year that it would take at least a few more years before a digital dollar would be considered.
Hot Take: CBDC Opposition Unites Trump and RFK Jr.
Both Donald Trump and Robert F. Kennedy Jr. share a common opposition to the creation of a central bank digital currency (CBDC) in the United States. They believe that a CBDC would threaten financial freedom and give the government unprecedented control over people’s money. While the Federal Reserve has not yet made a decision on launching its own CBDC, the issue remains highly discussed. The strong stance of Trump and RFK Jr. against CBDCs demonstrates the growing concern over the potential implications of these digital currencies.
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