Breaking News: Donald Trump Opposes Creation of CBDC in the U.S.

Former U.S. President and current presidential candidate Donald Trump has emphatically pledged to “never allow” the Federal Reserve to introduce a central bank digital currency (CBDC) in the United States. The announcement came during a campaign speech in Portsmouth, New Hampshire, on January 17, where Trump vowed to protect Americans from potential government tyranny.

In his speech, Trump asserted that a CBDC would grant the federal government absolute control over individuals’ money, posing a significant threat to freedom. He expressed concern that the government could take citizens’ money without their knowledge, emphasizing the potential dangers associated with such centralized control.

The promise received enthusiastic applause from the audience, with Trump acknowledging the intelligence of the people of New Hampshire. He stated, “This would be a dangerous threat to freedom, and I will stop it from coming to America.”

Donald Trump officially launched his 2024 presidential bid in November 2022, challenging the results of the 2020 presidential election. The 60th quadrennial U.S. presidential election is scheduled for November 5, 2024.

This stance against CBDCs aligns with a similar pledge made by another presidential candidate, Florida Governor Ron DeSantis, in 2023. DeSantis vowed to “nix” central bank digital currencies on his first day as president. However, recent primary election results in Iowa indicated Trump’s lead over DeSantis.

As the 2024 presidential election approaches, the crypto movement is gaining attention. Former U.S. Securities and Exchange Commission enforcer John Reed Stark recently suggested that each presidential contender should appoint an internal Crypto Czar to address crypto-related matters during the campaign.

Stay tuned for further updates on how the crypto landscape could influence the 2024 presidential election.