Posted 1/30/2024, 9:30:13 PM
Trump Vows to Block U.S. Central Bank Digital Currency, Calling it a Dangerous Threat to Freedom
- Donald Trump said he would "never allow" a central bank digital currency (CBDC) in the U.S., calling it a "dangerous threat to freedom"
- Trump believes a CBDC would give the government "absolute control" over money and the ability to seize funds and monitor transactions
- Trump's stance contrasts with the Federal Reserve's research into the feasibility of CBDCs over the past several years
- Other candidates like Ron DeSantis have also voiced opposition to a CBDC in the U.S., citing privacy concerns
- While against a CBDC, Trump has recently begun selling Ethereum he earned from NFT royalties, signaling a shift in his crypto stance