Reserve

Absolute

President Donald Trump

Donald Trump

<div class="insidebitcoins">
 Former President Donald Trump promised to ban the creation of a central bank digital currency (CBDC) if he regains office. 
 “This would be a dangerous threat to freedom, and I will stop it from coming to America,” said Trump, the front-runner in the Republican leadership race.
 <h2 id="span-style-font-weight-400-donald-trump-fears-feds-will-take-absolute-control-with-a-cbdc-span">Donald Trump Fears Feds Will Take Absolute Control With A CBDC</h2>
 Speaking during a campaign appearance in New Hampshire, Trump elaborated by saying that “such a currency would give a federal government absolute control over your money. They could take your money, and you wouldn’t even know it was gone. I will never allow the creation of a central bank digital currency.”
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 JUST IN: 🇺🇸 Donald Trump says "As your president, I will never allow the creation of a Central Bank Digital Currency. Such a currency would give our federal government absolute control over your money." pic.twitter.com/lSE2AGYgOm
 — Bitcoin Magazine (@BitcoinMagazine) January 18, 2024
 </blockquote>
 
 Trump was accompanied on stage by Vivek Ramaswamy, a crypto-friendly former candidate who recently suspended his campaign and announced that he would endorse Trump.
 <h2 id="span-style-font-weight-400-cbdcs-a-hot-topic-in-u-s-politics-span">CBDCs A Hot Topic In U.S. Politics</h2>
 While there is no proposal from the Federal Reserve to introduce a CBDC, an American CBDC has become a popular issue in U.S. politics. The topic has also emerged as one of the main problems for Florida Governor Ron DeSantis’ office.&nbsp;
 By choosing to focus on CBDCs and to say he’d it into the trash can, DeSantis has managed to garner more public interest than if he had focused on other problems frequently brought forward, such as gun rights and abortion. 
 Still, he’s not anti-crypto.
 “We are going to let Americans invest in things like Bitcoin and cryptocurrency,” he said while speaking at a New Hampshire campaign event. “Biden’s war on Bitcoin currency will come to an end when I become president.”
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The first anti-CBDC bill in the United States passed out of the Financial Services Committee today! A historical step in defending against an ever-expanding government surveillance state. https://t.co/1XXSEHOhNC
 — Tom Emmer (@GOPMajorityWhip) September 20, 2023
 </blockquote>
 
 The U.S. House Financial Services Committee also added a major obstacle that restricts the Federal Reserve from issuing a CBDC. Introduced by Majority Whip Tom Emmer in September 2023, the CBDC Anti-Surveillance State Act prevents the Federal Reserve from issuing a CBDC to individuals.
 Emmer said “a central bank digital currency is nothing more than a CCP [Chinese Communist Party]-style surveillance tool that can be weaponized to oppress the American way of life.”&nbsp;
 <h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
 <ul>
 <li style="font-weight: 400;">Bitcoin ETF Competition “Getting Wild” As ProShares Files For 5 Leveraged And Inverse ETFs</li>
 <li style="font-weight: 400;">Crypto YouTuber Crypto Boy Provides Update on the Next Big Staking Crypto Gem</li>
 <li style="font-weight: 400;">What is a Crypto Presale? A Quick Guide to Getting in on the Ground Floor of New Cryptocurrencies!</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/donald-trump-vows-to-stop-cbdc-creation-in-u-s-calls-it-dangerous-threat-to-freedom-tbt76966.html">https://thebittimes.com/donald-trump-vows-to-stop-cbdc-creation-in-u-s-calls-it-dangerous-threat-to-freedom-tbt76966.html</a>
</div>

Donald Trump Vows To Stop CBDC Creation In U.S., Calls It “Dangerous Threat To Freedom”

Table of Contents

TheBitTimes

Other articles published on Jan 18, 2024

Potential Approval of Ethereum Spot ETF Could Disrupt the Bitcoin and ETH Narrative

Algorand blockchain implements Dynamic Lambda update, reducing block creation times

Crypto Trader Updates Outlook on Bitcoin (BTC) Bull Market Progress, Calls Move Up for Solana (SOL)

Top Cryptos for December: GameStop Memes’ $4M Presale Shocks Ethereum and Solana Investor Circles

Indian Experts Demand Crypto Tax Reduction in 2024 National Budget

Top 5 Cryptocurrencies Under $5 for a Potential 20x Gain in 2024!

Join our free newsletter for daily crypto updates!