Ron DeSantis vows to ban CBDCs in the US if elected president

Ron DeSantis vows to ban CBDCs in the US if elected president

United States presidential candidate and Florida Governor Ron DeSantis has once again criticized central bank digital currencies (CBDCs), arguing against a digital dollar in the country.

Speaking at the Family Leadership Summit on July 14, DeSantis promised to ban CBDCs in the U.S. if elected president. “If I am the president, on day one, we will nix central bank digital currency. Done. Dead. Not happening in this country,” he said during the event in Iowa, which featured six other Republican Party candidates.

DeSantis is a vocal opponent of a digital dollar in the United States. In May, he signed a bill in Florida that prohibits the use of federal CBDCs as money. He also banned using foreign CBDCs, claiming it would lead to a “massive transfer of power from consumers to a central authority.”