- The government may use a CBDC for evil purposes, including to “control” American money.
- These comments come after DeSantis took steps to outlaw CBDCs in Florida.
According to Florida Governor Ron DeSantis, a digital dollar issued by the Federal Reserve would be a danger to financial independence in the United States, in light of the recent FedNow announcement. The probable presidential candidate of 2024 claims that the government may use a CBDC for evil purposes, including to “control” American money.
DeSantis discussed the possible introduction of FED-issued digital money at a conference in Pennsylvania. He also discussed how the government may use this innovation to stifle or even prevent people’s financial dealings.
Imposing ESG Agenda
Another possible presidential contender in 2024 has joined the chorus of critics of the FedNow system. Robert F. Kennedy had previously warned about the consequences for the U.S. economy of adopting a digital currency designed by the FED.
Now, Florida Governor Ron DeSantis is warning that the Federal Reserve’s digital dollar might undermine economic independence in the United States. DeSantis and Kennedy are alluding to the upcoming summer publication of the FedNow CBDC in particular. Something they have both spoken out strongly against.
The Florida Governor further stated that “they are going to try to impose an ESG agenda,” pointing to environmental, social, and governance policies.
These comments come after DeSantis took steps to outlaw CBDCs in Florida. In particular, DeSantis has sponsored and urged other state lawmakers to draught legislation to prohibit the use of any digital money issued by the Federal Reserve.
