Tue Jul 18, 2023 – 3:44 pm EDT
(LifeSiteNews) — Republican presidential candidate and Florida Gov. Ron DeSantis has declared that he will refuse to allow central bank digital currency (CBDC) in the United States if he becomes president.
“If I am the President, on day one we will nix Central Bank Digital Currency. Done. Dead. Not happening in this country,” DeSantis told Tucker Carlson during a Blaze Media Republican primary presidential forum interview when asked about his concern that “the next economic disruption” will lead to a CBDC.
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Unlike other forms of digital currency used today, CBDCs require that individuals open bank accounts directly with central banks such as the Federal Reserve, giving governments the power to control citizens’ access to money.
DeSantis alluded to the statement by U.S. Federal Reserve Chairman Jerome Powell that “ideally” a law would be passed to authorize a CBDC “rather than us trying to interpret our law to enable this.”
“No, no, no,” said DeSantis, emphasizing that, according to the Constitution, it is not only “ideal” to have a law passed to authorize a new form of currency — it is required, as the power of issuing
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