As he hinted at earlier this year, Florida Governor Ron DeSantis (R) signed legislation this week, essentially outlawing any Central Bank Digital Currency (CBDC) within the Sunshine State.
DeSantis outlined the most recent legislation he is about to sign from the Florida Public Safety Institute at Fort Myers Technical University. The measure is intended to safeguard Floridians’ financial autonomy while federal bureaucrats advance the notion of a Central Bank with Digital Currency, or CBDC.
“Joe Biden stated this, I believe, last year to let people know that we should investigate it and see what would transpire with CBDC and how it would function. DeSantis said that CBDC would effectively be a ‘digital dollar’ controlled exclusively by the Fed. And I do not believe they would’ve done that if they weren’t planning on implementing this,” he added. As a result, the government would be able to properly monitor and regulate where a person’s money is going.
“Because they lack authority over other forms of digital assets, such as cryptocurrencies, I believe they are attempting to displace and eradicate them. They dislike that, therefore. DeSantis cautioned that once they gained control of a central bank’s digital currencies, they would be able to see what you are doing with the funds and have the power to decide where they went.” He said that in the hypothetical case, faceless bureaucrats could possibly “block if you filled up your car’s gas tank” in the name of combating “global warming.”
“They may not want you to buy another handgun this week since you purchased one last week.” The argument that one shouldn’t believe the government’s justifications or claims on this topic, even if it says its initial intentions are pure, was made by him. “So this would enable the government to do, in my opinion, quite a number of things that wouldn’t be beneficial to freedom,” he said.
The governor went on to say, “I believe anybody with both eyes open could recognize the dangers, that this kind of a deal would mean for Americans who are interested in maintaining their financial independence, and we would like to have the ability to able to do business without having the federal government have knowledge of all of the transactions they’ve been making in real-time,” noting that “there was a movement between the states to add CBDC to their existing uniform commercial codes. Florida, though, will not experience that.”
“We won’t include digital money issued by central banks in our Uniform Commercial Code. However, we also added, You know what? Florida residents need to be protected against this, therefore we must do so. Therefore, we’ll insert the Uniform Commercial Code, which is something we do not recognize.”
The safeguard would “serve as an important bulwark against” the administration’s attempts to enact CBDC by “executive fiat, without having any legislative authorization,” according to DeSantis.
Comments are closed.