Florida Governor Ron DeSantis Calls for Ban on CBDCs

Joshua Ramos
Source: CNN

Florida Governor, Ron DeSantis, has announced his support of legislation that would ban a Central Bank Digital Currency (CBDC). Specifically, DeSantis stated his desire to pass legislation that would “forbid the use of a CBDCs as money,” within the state.

The Governor took to Twitter to share a speech he gave regarding the implementation of a digital currency. Moreover, Florida’s Voice, reported DeSantis’ statements that the state will continue to support financial innovation, “while protecting against government surveillance over your personal finance.”

Florida Governor Speaks Out Against CBDC

The introduction of a Central Bank Digital Currency has become a vital talking point in the digital asset industry. Additionally, as countries are working on pilot programs for the implementation of such an asset, the US has begun discussions on its possible integration.

Now, Florida Governor Ron DeSantis has announced his support of legislation that would ban a CBDC in the state. Specifically, DeSantis stated that he was stating in opposition to the idea to protect the financial freedom of the citizens within the state.

Source: Gallup News

“I am here to call on the legislature to pass legislation to expressly forbid the use of CBDC as money within Florida’s Uniform commercial code,” DeSantis stated. Additionally, nothing that his desire for the state to continue innovation in the financial sector without a CBDC.

DeSantis additionally spoke against government access to personal transactions. Stating a CBDC as giving officials a “direct view of all consumer activities.” Inferring that the introduction of such a digital currency would lead way for the misuse of information.

“Any way they can get into society to exercise their agenda, they will do it,” DeSantis stated. Adding, “How do we know? Because we’ve seen this happen in other parts of the world.” Conversely, the Florida Governor noted his belief in a stark difference between a CBDC and cryptocurrencies. Stating the latter to be decentralized in nature.