Donald Trump Pledges to Prevent the Creation of a Central Bank Digital Currency (CBDC) in the United States
During a campaign speech in Portsmouth, New Hampshire, former President and current presidential candidate Donald Trump firmly expressed his opposition to the creation of a CBDC in the United States. He promised to “never allow” the Federal Reserve to develop such a currency, citing concerns about individual freedom and government control over citizens’ money.
“I Will Never Allow the Creation of a CBDC”
Donald Trump’s statement was met with enthusiastic applause, revealing a public sensitivity to the issue of CBDCs and monetary control. Trump emphasized that implementing a CBDC would give the federal government “absolute control” over citizens’ money, even suggesting that the government could withdraw money without citizens realizing it.
Political Context and Cryptocurrencies
Donald Trump, who contested the results of the 2020 presidential election, announced his candidacy for the 2024 presidential election in November 2022. The election, scheduled for November 5, 2024, could see the issue of cryptocurrencies and CBDCs playing a key role in political debates.
