On Friday, Florida Governor Ron DeSantis signed legislation to ban Central Bank Digital Currency (CBDC) in the state of Florida. He’d teased doing so earlier this year, but now the governor has effectively done it!
He said while speaking at theĀ Florida Public Safety Academy at Fort Myers Technical College, that he will protect the financial independence of Floridians as federal bureaucrats push their idea of a Central Bank Digital Currency.
āThis is something that Joe Biden announced, I think, last year, to say, hey āĀ we need to study this, we need to see what would happen with CBDC [and] how that would work. And I donāt think they would have done that if they donāt intend on implementing this,ā DeSantis explained.
Florida is standing firm and protecting our consumers against the efforts to impose a central bank digital currency, which would shift purchasing power from consumers to the government.
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Florida is siding with individual consumers. pic.twitter.com/FssjDbJVw8— Ron DeSantis (@GovRonDeSantis) May 12, 2023
He noted that CBDC would be a “digital dollar” controlled by the federal government, which means they would be able to track what you spend your money on, and even control your money as well.
Every governor in the United States would be smart to ban it.
āI think they want to crowd out and eliminate other types of digital assets like cryptocurrency because they canāt control that. So they donāt like that. Once they then have the ability to run a central bank digital currency, theyāre going to be able to have the window into what youāre doing with the money and have the ability to control where that money is going,ā DeSantis warned.
āMaybe you bought a firearm last week [and] they donāt want you to buy another one this week. So that would empower the government to do, I think, a lot of things that would not be conducive to freedom,ā he continued.
The legislation I signed today makes Florida the first state in the nation to protect individuals from government surveillance in their personal finances through a CBDC. https://t.co/d5Og2bvHNe
— Ron DeSantis (@GovRonDeSantis) May 12, 2023
āI think that anyone with their eyes open could see the dangers, that this type of an arrangement would mean for Americans who want to exercise their financial independence, and weād like to be able to conduct business without having the government know every single transaction that theyāre making in real time,ā the governor said.
āWe are not going to be adding central bank digital currency to our Uniform Commercial Code. But we also said, you know what? We need to provide protections for Floridians against this. And so weāll put in the Uniform Commercial Code, that is something we donāt recognize,ā he added.
WATCH:
Florida Bans a Central Bank Digital Currency https://t.co/S8UfWrLZyc
— Ron DeSantis (@GovRonDeSantis) May 12, 2023