Political Stances on Central Bank Digital Currencies

“As your president, I will never allow the creation of a Central Bank Digital Currency. Such a currency would give our federal government absolute control over your money.”

“It is government controlled, programmable money that, if it is not designed to emulate cash, could give the Federal Government the ability to surveil and restrict Americans’ transactions and monitor every aspect of their daily lives.”

“The Biden administration salivates at the thought of infringing on our freedom and intruding on the privacy of citizens to surveil their personal spending habits, which is why Congress must clarify that the Federal Reserve has no authority to implement a CBDC.”