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Former US President Donald Trump, the frontrunner in the Republican leadership race, has vowed to ban the creation of a central bank digital currency (CBDC) if elected. This announcement was made during a campaign stop in New Hampshire.
<h2 id="federal-reserve-promises-to-ban-digital-currencies-if-trump-is-elected">Federal Reserve Promises to Ban Digital Currencies If Trump Is Elected</h2>
“As your president, I will never authorize the creation of a central bank digital currency,” Trump said on stage. Trump was accompanied by crypto-friendly former candidate Vivek Ramaswamy, who recently suspended his campaign.
Trump argued that a CBDC would pose a “dangerous threat to freedom” and vowed to block it from reaching American shores.
“Such a currency would give the federal government absolute control over your money. They could take your money and you wouldn't even know it was gone,” he warned.
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CBDCs are digital or tokenized versions of cash issued and regulated by central banks.
These currencies may use blockchain as the underlying technology. Interestingly, Trump, now a crypto critic, owned over $2.5 million in Ethereum, according to an August 2023 statement. However, these Ethereums came from NFT sales.
However, a report published by Bank of America in November said that while central banks around the world are exploring CBDCs, the issuance of a US digital dollar by the Federal Reserve is unlikely in the near term.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/surprising-digital-dollar-statement-made-by-us-presidential-candidate-donald-trump-i-will-do-this-if-elected/" rel="noopener noreferrer nofollow">Surprising Digital Dollar Statement Made by US Presidential Candidate Donald Trump: I Will Do This If Elected..!</a>

Surprising Digital Dollar Statement Made by US Presidential Candidate Donald Trump: I Will Do This If Elected..!

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