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  <p><strong>Florida Governor Ron DeSantis has pledged to ban CBDCs if elected, sparking debates about the future of money and the role of governments in financial systems.</strong></p> 
  <h2 style="text-align: center;" id="governor-desantis-opposes-cbdc">Governor DeSantis Opposes CBDC</h2> 
  <p>During the Family Leadership Summit 2023 on July 14, Governor Ron DeSantis <a href="https://in.investing.com/news/florida-governor-speaks-against-cbdc-3724729#:~:text=United%20States%20presidential%20candidate%20Ron,of%20governments%20in%20financial%20systems." target="_blank" rel="noopener noreferrer nofollow">stated</a> that he would ban CBDCs “on day one” <a href="https://walletinvestor.com/magazine/ron-desantis-launches-presidential-bid-with-elon-musk" target="_blank" rel="noopener noreferrer nofollow">if elected</a> in 2024. His declaration has generated intense discussions among the crypto community, policymakers, and citizens.</p> 
  <h2 style="text-align: center;" id="threats-posed-by-cbdc">Threats Posed by CBDC</h2> 
  <p>DeSantis believes that CBDCs pose a massive threat to American liberty and could enable authorities to restrict undesirable purchases. He worries that CBDCs may lead to the implementation of a social credit system in the country, limiting personal freedom. He predicts that this threat will materialize by January 20, 2025. Based on the comments several members of the community share his fears, including Elon Musk.</p> 
  <blockquote class="twitter-tweet"> 
   <p dir="ltr" lang="en">Tucker: Are you concerned about Central Bank Digital Currencies?</p> 
   <p>DeSantis: “They want to get rid of cash. They want no cryptocurrency. They want this to be the sole form of legal tender. It will allow them to prohibit undesirable purchases like fuel and ammunition. So, the… <a href="https://t.co/Lmv5OzerlF" rel="noopener noreferrer nofollow">pic.twitter.com/Lmv5OzerlF</a></p> 
   <p>— KanekoaTheGreat (@KanekoaTheGreat) <a href="https://twitter.com/KanekoaTheGreat/status/1679977084817661952?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 14, 2023</a></p> 
  </blockquote> 
  <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
  <h2 style="text-align: center;" id="concerns-and-skepticism">Concerns and Skepticism</h2> 
  <p>The Florida governor has consistently expressed his objections to CBDCs, voicing concerns about their potential misuse and impact on the economy. He worries that the government could use CBDCs to exercise control over American money. DeSantis remains skeptical about their benefits for financial stability.</p> 
  <h2 style="text-align: center;" id="desantis-takes-action">DeSantis Takes Action</h2> 
  <p>To prevent the implementation of CBDCs, DeSantis highlights the actions taken in Florida, where a law was passed to reject the recognition of CBDCs within the state. He anticipates that other states will follow suit, impeding the Federal Reserve’s ability to introduce CBDCs through executive action.</p> 
  <h2 style="text-align: center;" id="replacing-cash-and-cryptocurrencies">Replacing Cash and Cryptocurrencies</h2> 
  <p>DeSantis criticizes the idea, advocated by organizations like the Davos World Economic Forum, that CBDCs should replace cash and cryptocurrencies as the sole legal tender. He shares the viewpoint with US Presidential Candidate Robert F. Kennedy Jr., who also opposes CBDCs.</p> 
  <blockquote class="twitter-tweet"> 
   <p dir="ltr" lang="en">‘<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> points the way toward a future in which government institutions are more transparent.’ – 🇺🇸 Presidential candidate Robert F. Kennedy Jr. <a href="https://t.co/pJsBCaXSHL" rel="noopener noreferrer nofollow">pic.twitter.com/pJsBCaXSHL</a></p> 
   <p>— The Bitcoin Conference (@TheBitcoinConf) <a href="https://twitter.com/TheBitcoinConf/status/1679150533611757568?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 12, 2023</a></p> 
  </blockquote> 
  <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
  <h2 style="text-align: center;" id="commitment-to-ban-cbdcs">Commitment to Ban CBDCs</h2> 
  <p>If elected, DeSantis plans to ban CBDCs on his first day in office, making them a thing of the past. He emphasizes the importance of swiftly filling executive branch positions to advance his agenda and counter opposition from partisan Democrats and entrenched bureaucrats.</p> 
  <h2 style="text-align: center;" id="conclusion">Conclusion</h2> 
  <p>Florida Governor Ron DeSantis has firmly declared his intention to ban CBDCs in the United States. He raises concerns about their potential misuse, the threat to American liberty, and their proposed replacement of cash and cryptocurrencies. If elected, DeSantis aims to eradicate CBDCs and urges prompt action to achieve his goals.</p>
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Ron DeSantis Vows to Ban Central Bank Digital Currencies

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