In a decisive move that resonates with his commitment to preserving American freedom and sovereignty, President Donald Trump has publicly declared that he will never allow the Federal Reserve to create a Central Bank Digital Currency (CBDC). This announcement came during his campaign speech in Portsmouth, New Hampshire.
President Trump, according to The Post Millennial, highlighted the risks and threats of a government-controlled digital currency.He voiced concerns about the federal government gaining absolute control over citizens’ money through a CBDC. Such control, he argued, could lead to the debanking of individuals based on political beliefs, posing a significant threat to individual freedom.
Highlighting the commitment to protect Americans’ financial independence, Trump stated, “As your president, I will never allow the creation of a Central Bank Digital Currency. This would be a dangerous threat to freedom – and I will stop it from coming to America. We are also going to put in place strong protections to stop banks and regulators from trying to debank you for your political beliefs.”
The speech also touched upon global trends in digital currency, noting the active discussions among global central banks, including the Bank of Canada, about the potential implementation of digital currencies. However, Trump’s stance firmly opposes such a move for the United States, aligning with his broader agenda of upholding American values and resisting overreach by federal institutions.
In conclusion, Trump’s commitment to preventing the establishment of a CBDC is a clear message of his dedication to safeguarding the financial autonomy and liberty of American citizens against potential governmental overreach.
