During a speech yesterday in Portsmouth, North Hampshire, Donald Trump vowed to block a central bank digital currency (CBDC). This should not be surprising. After a Congressional debate last September, it was clear that a CBDC would have difficulty getting approval. All Republicans seem to be against it, as are a handful of Democrats.
“Tonight, I’m also making another promise to protect Americans from government tyranny. As your President, I will never allow the creation of a central bank digital currency,” said Trump.
“Such a currency would give the federal government, our government, the absolute control over your money. They could take your money and you wouldn’t even know it was gone. This would be a dangerous threat to freedom and I will stop it from coming to America.”
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