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2024

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Donald Trump

Former U.S. President and candidate in the 2024 elections Donald Trump spoke out against central bank digital currencies (<a href="https://crypto.news/tag/CBDC/" rel="noopener noreferrer nofollow">CBDC</a>s).
The pledge came during a campaign speech in Portsmouth, New Hampshire, on Jan. 17. The former President spoke about banning CBDCs as part of his election campaign, saying he will “never allow” the Federal Reserve to create a&nbsp;digital currency.
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 President Trump promises to nix plans for a central bank digital currency during speech in Portsmouth, New Hampshire Watch LIVE: <a href="https://t.co/EpMWdufokm" target="_blank" rel="noopener noreferrer nofollow">https://t.co/EpMWdufokm</a> <a href="https://t.co/pU0l4wukMM" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/pU0l4wukMM</a>— RSBN 🇺🇸 (@RSBNetwork) <a href="https://twitter.com/RSBNetwork/status/1747816979824574723?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 18, 2024</a>
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 “I will never allow the creation of a Central Bank Digital Currency.” <cite>Donald Trump, former U.S. President</cite>
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He says that central bank digital currencies function as de facto tools to control citizens.
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 “Such a currency would give a federal government, our federal government, the absolute control over your money […] they could take your money, and you wouldn’t even know it was gone.” <cite>Donald Trump, former U.S. President</cite>
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Previously, other candidates for the U.S. presidency made similar promises. In particular, Florida Governor Ron DeSantis <a href="https://crypto.news/florida-governor-ron-desantis-challenges-cbdcs-defends-financial-freedom/" rel="noopener noreferrer nofollow">promised</a> the crypto community that he will rid the crypto industry of regulatory pressure and save the United States from issuing what he considers a potentially dangerous CBDC.
Notably, the negative attitude towards CBDCs does not prevent Trump from remaining a blockchain enthusiast. The former American president has already released several collections of non-fungible tokens (<a href="https://crypto.news/tag/NFT/" rel="noopener noreferrer nofollow">NFTs</a>), the latest of which <a href="https://crypto.news/trump-releases-new-mug-shot-nft-as-former-presidents-ongoing-legal-issues-mount/" rel="noopener noreferrer nofollow">came out</a> last month.
According to official documents, in August 2023, Trump <a href="https://crypto.news/donald-trump-reportedly-holds-over-2-8-million-in-crypto/" rel="noopener noreferrer nofollow">was found</a> to have a wallet containing digital assets worth $2.8 million. At the same time, he previously noted that BTC “just seems like a scam,” making it clear that he prefers fiat currency.
You might also like: <a href="https://crypto.news/trump-related-crypto-wallet-cashed-out-2-4m-worth-of-eth/" rel="noopener noreferrer nofollow"> Trump-related crypto wallet cashed out $2.4m worth of ETH </a>

Former US president Trump proposes ban on implementation of CBDCs if elected

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