Donald Trump Vows To Prevent Creation Of CBDC In US
Former US President Donald Trump has criticized central bank digital currencies (CBDCs) as a “threat to freedom.” He stated that a CBDC would give the federal government total control, making it a “dangerous threat to freedom.”
Trump, who has previously criticized Bitcoin and crypto, has also pledged to prevent the creation of a CBDC if elected President.
In a campaign speech in Portsmouth, New Hampshire, Trump stated that he would never allow the creation of a CBDC, as it would give the federal government absolute control over money.
Trump’s statement echoes that of Ron DeSantis, another US Presidential candidate and current Governor of Florida, who also promised not to allow the creation of a CBDC if elected President.
(With inputs from Shikha Singh)
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