Florida Governor Ron DeSantis Raises Concerns: American CBDC and the Implications for Citizen-Government Dynamics

Florida Governor Ron DeSantis expresses concerns over the potential implications of an American central bank digital currency (CBDC) on personal freedom. In a speech at Fort Myers Technical College, Governor DeSantis warns that a US CBDC would grant the government increased control over individuals’ financial transactions, enabling real-time monitoring and the ability to block certain purchases. The Republican Governor argues that such a system contradicts the principles of a free society, as it would consolidate power in the hands of a few at the expense of individual consumers. In response, Governor DeSantis recently signed a law in Florida prohibiting the use of CBDCs, underscoring his stance on protecting financial independence.

Clever Robot News Desk 19^th May 2023