Connect with us

Hi, what are you looking for?

Business / Economy News

Ron DeSantis Pushes Back Against Biden’s Centralized Bank Digital Currency Proposal

This week, Gov. Ron DeSantis announced comprehensive legislation “to protect Floridians from the Biden administration’s weaponization of the financial sector through a Central Bank Digital Currency (CBDC).”

The legislative proposal protects consumers and businesses from a federally controlled CBDC by:

Expressly prohibiting the use of a federally adopted Central Bank Digital Currency as money within Florida’s Uniform Commercial Code (UCC).

Instituting protections against a central global currency by prohibiting any CBDC issued by a foreign reserve or foreign sanctioned central bank.

Calling on likeminded states to join Florida in adopting similar prohibitions within their respective Commercial Codes to fight back against this concept nationwide.

“The Biden administration’s efforts to inject a Centralized Bank Digital Currency is about surveillance and control,” said DeSantis. “Today’s announcement will protect Florida consumers and businesses from the reckless adoption of a ‘centralized digital dollar’ which will stifle innovation and promote government-sanctioned surveillance. Florida will not side with economic central planners; we will not adopt policies that threaten personal economic freedom and security.”

“Governor DeSantis is ahead of the curve when it comes to protecting individual rights. A Central Bank Digital Currency is the cornerstone of a federal government that could track each and every transaction that happens in the world,” said state Chief Financial Officer Jimmy Patronis. “There would be no privacy, and if there is no privacy, there are no rights. In the same way Florida is fighting back against the IRS, we need to fight back against this program. It’s how we protect freedom, liberty, and prosperity.”

“This proposal continues the strong track record of Governor DeSantis pushing back on an overreaching federal government,” said Foundation for Government Accountability CEO Tarren Bragdon. “Our money says In God We Trust. The central bank digital currency changes that to In Government We Trust. That’s wrong and I am grateful for the Governor’s continued pushback of an out-of-control DC bureaucracy.”

“A federally controlled Central Bank Digital Currency is the most recent way the Davos elites are attempting to backdoor woke ideology like Environmental, Social, and Governance (ESG) into the United States financial system, threatening individual privacy and economic freedom. Unlike a decentralized digital currency, a CBDC is directly controlled and issued by the government to consumers, giving government bureaucrats the ability to see all consumer activity and the power to cut off access to goods and services for consumers,” insisted the governor’s office. “Additionally, a federally sanctioned CBDC as proposed by the Biden administration would diminish the role of community banks and credit unions in our financial system as CBDC currency would be a direct liability of the Federal government, rather than of a chartered financial institution, shrinking market lending power.”

Author

  • Florida Daily offers news, insights and analysis as we cover the most important issues in the state, from education, to business and politics.

    View all posts

Archives

Related Articles

Top Story

Marion County, FL — The state of Florida has awarded more than 7,800 recruitment bonuses to newly hired law enforcement officers through the Florida...

Florida Government & Politics

Throughout the state, media outlets are running headlines that hype Gov. Ron DeSantis‘ feud with the Florida House Speaker, Danny Perez. The issue has evolved...

Trending News

Florida lawmakers from the Senate and House released their fiscal year 2025-2026 spending budgets. But how do they compare with each other and the...

Governor Ron DeSantis

Florida Governor Ron DeSantis has proposed a plan to provide property tax relief to homeowners across the state, including rebate checks averaging $1,000 for...

Advertisement
Florida Daily
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

HOW WE COLLECT E-MAIL INFORMATION:

If you sign up to subscribe to Florida Daily’s e-mail newsletter, you will provide us your e-mail address and name, voluntarily, and we will never obtain any of your contact information that you don’t voluntarily provide.

HOW WE USE AN E-MAIL ADDRESS IF YOU VOLUNTARILY PROVIDE IT TO US:

If you voluntarily provide us with your name and email address, we will use it to send you one email update per weekday. Your email address will not be given to any third parties.

YOUR CONTROLS:

You will have the option to unsubscribe to our E-mail update at anytime by clicking an unsubscribe link that will be provided in each E-Mail we send.