Trump Reaffirms Opposition to CBDCs, Acknowledges Ramaswamy's Contribution

Trump reaffirms opposition to CBDC

During a rally in New Hampshire, former President Donald Trump reiterated his stance against the creation of a central bank digital currency (CBDC). Trump credited Vivek Ramaswamy, who has endorsed him in the 2024 presidential election, for informing him about the potential issues surrounding CBDCs. Trump expressed his newfound respect for Ramaswamy and praised him as a strong leader. This comes shortly after Trump initially announced his opposition to CBDCs during another rally in New Hampshire. Meanwhile, Trump’s political rival, Florida Governor Ron DeSantis, suspended his presidential campaign and pledged his support to Trump.

Florida Governor opposes CBDC

Governor DeSantis has long held an anti-CBDC stance. He vowed to discard the idea of a central bank digital currency if elected president. In fact, DeSantis signed a bill to prevent the adoption of a federally backed CBDC and expressed concerns about government surveillance of personal finances. He believes that Americans should have financial independence and privacy when conducting transactions. Vivek Ramaswamy has also advocated for economic freedom and an alternative to centralized finance. It seems that Trump has aligned himself with these views, as he previously criticized Bitcoin and other cryptocurrencies for their volatility and lack of value.

Hot Take: Trump remains opposed to CBDCs

Former President Donald Trump continues to take a firm stance against the creation of a central bank digital currency. During recent rallies in New Hampshire, he emphasized his opposition and credited Vivek Ramaswamy for enlightening him about the potential issues associated with CBDCs. Trump’s political rival, Florida Governor Ron DeSantis, has also expressed his opposition to CBDCs and pledged his support to Trump. Both politicians believe in protecting Americans’ financial independence and privacy. It is clear that Trump’s anti-crypto views have not changed, as he previously criticized Bitcoin and other cryptocurrencies for their volatility and lack of value.