Ron DeSantis Vows to Prohibit CBDC, ‘Woke Politics,’ and ‘Monetary Surveillance’ in Florida

Florida governor Ron DeSantis reiterated his name for a ban on central financial institution digital currencies (CBDCs) throughout a go to to Jacksonville on Tuesday. Final March, DeSantis pushed for laws to ban a CBDC in Florida. At Tuesday’s occasion known as “Authorities of Legal guidelines, Not Woke Politics,” he acknowledged that if the U.S. Federal Reserve or Treasury have been to codify a CBDC, his state would have a “prohibition in opposition to” it.

DeSantis Slams ‘Woke Politics,’ Insisting ‘They Don’t Like Crypto As a result of They Can’t Management Crypto’

On Might 2, 2023, the Republican Florida governor Ron DeSantis spoke concerning the state’s financial coverage throughout a go to to Jacksonville on Might 2, 2023. He signed a bill aimed toward combatting the U.S. authorities’s environmental social governance (ESG) requirements, stating that he wished to guard Floridians from ESG. The invoice prohibits using Florida’s state funds for ESG requirements and investments.

“We’re recognizing the risks with this agenda,” DeSantis acknowledged. “It’s not your agenda; it’s not the agenda of the common Floridian or common American. That is an elite-imposed agenda,” the governor added. Along with criticizing ESG requirements, DeSantis additionally spoke out in opposition to the federal authorities’s central financial institution digital forex (CBDC) concepts. He expressed help for cryptocurrencies that aren’t related to CBDCs.

“I feel what the hazard of the digital forex is that, one, they need to make that the only forex, they need to do away with crypto,” DeSantis stated. “They don’t like crypto as a result of they will’t management crypto. In order that they need to put every thing in a central financial institution digital forex.”

DeSantis shares the view of a number of Republican officers who’ve criticized the concept of a central financial institution digital forex (CBDC). Minnesota congressman Tom Emmer introduced the Central Financial institution Digital Forex (CBDC) Anti-Surveillance State Act, whereas Texas senator Ted Cruz has created legislation in opposition to the federal government creating a CBDC. Georgia consultant Marjorie Taylor Greene has additionally spoken out in opposition to CBDCs, and 2024 Democratic presidential candidate Robert Kennedy Jr. has warned {that a} central financial institution digital forex may result in monetary slavery.

Throughout his go to to Jacksonville, DeSantis emphasised his opposition to CBDCs, stating that they’d not be accepted within the Sunshine State. “I don’t suppose Congress would authorize it, but when the Fed or the Treasury tries to do it unilaterally – in Florida, we [will] have a prohibition in opposition to that,” the governor remarked. “That’s guaranteeing your monetary independence and ensuring that we don’t have a monetary surveillance state the place they know each transaction that you simply’re making.”

What are your ideas on Florida governor DeSantis’ stance in opposition to CBDCs and his help for cryptocurrencies that aren’t related to central banks? Do you agree along with his issues about monetary surveillance? Share your ideas about this topic within the feedback part beneath.