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Billionaire and former United States president Donald Trump has stated that he will “never allow” the creation of a central bank digital currency (CBDC) in the country during a campaign speech in Portsmouth, a city in New Hampshire.
The 2024 presidential candidate has boldly said that he will never let the Federal Reserve create a digital dollar, adding:
“I will never allow the creation of a Central Bank Digital Currency.”
<h2 id="span-style-font-weight-400-donald-trump-is-against-the-idea-of-a-digital-dollar-span">Donald Trump is Against the Idea of a Digital Dollar</h2>
Donald Trump vowed during a campaign speech on January 17, “Tonight I’m making another promise to protect Americans from government tyranny.”
“This [CBDC] would be a dangerous threat to freedom, and I will stop it from coming to America,” Donald Trump said.
<h3 id="span-style-font-weight-400-freedom-from-tyranny-span">Freedom from Tyranny</h3>
The billionaire businessman’s promise received huge applause from the New Hampshire crowd as he added, “I didn’t know you know so much … New Hampshire, very smart people,” while continuing to explain:
“Such a currency would give a federal government, our federal government, absolute control over your money […] they could take your money and you wouldn’t even know it was gone.”
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Trump says he will prevent implementation of Central Bank Digital Currencies (CBDC) <a href="https://t.co/vheJDn2HBg" rel="noopener noreferrer nofollow">pic.twitter.com/vheJDn2HBg</a>
 — Bertman (@manofbert) <a href="https://twitter.com/manofbert/status/1747817820581167133?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 18, 2024</a>
</blockquote>
A similar<a href="https://www.youtube.com/watch?v=tl5RFJC9nI4" rel="noopener noreferrer nofollow"> promise</a> was made by Florida governor and Republican candidate Ron DeSantis. He said that he would “nix” CBDCs if elected president.
<h2 id="span-style-font-weight-400-donald-trump-and-crypto-span">Donald Trump and Crypto</h2>
Donald Trump has released multiple non-fungible token (NFT) collections over the past few years. The latest collection was an<a href="https://thecoinrise.com/former-us-president-donald-trump-launches-mugshot-edition-nft-collection/" rel="noopener noreferrer nofollow"> exclusive line of “Mugshot Edition” NFT</a> trading cards.
His wife,<a href="https://thecoinrise.com/former-u-s-first-lady-melania-trump-jumps-into-the-nft-world/" rel="noopener noreferrer nofollow"> Melania Trump, also debuted an NFT collection</a> not so long ago. She said that the collection “embodies my passion for the arts and will complement my ongoing commitment to children through my Be Best initiative.”
<h3 id="span-style-font-weight-400-owning-ethereum-span">Owning Ethereum</h3>
TheCoinRise previously reported that according to Trump’s 2023 OGE monetary disclosure report, the 45th president of the United States owns <a href="https://thecoinrise.com/donald-trumps-owns-250k-to-500k-worth-of-ethereum/" rel="noopener noreferrer nofollow">Ethereum (ETH) worth between $250,000 and $500,000</a>.
The post <a href="https://thecoinrise.com/donald-trump-to-never-allow-a-cbdc-in-the-us/" rel="noopener noreferrer nofollow">Donald Trump to ‘Never Allow’ a CBDC in the US</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Donald Trump to ‘Never Allow’ a CBDC in the US

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