Joe Biden wants to have new control over the economy.
And he’s trying to create new ways for government surveillance.
But Ron DeSantis just set out a plan that will stop Biden’s insane idea for the American dollar.
Governor Ron DeSantis (R-FL) proposed new legislation on Monday in effort to fight the possibility of a central bank digital currency created and controlled by the Federal Reserve.
An executive order from President Joe Biden last year called for “the highest urgency on research and development efforts” for a central digital bank, resulting in the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology’s Digital Currency Initiative conducting research together on a central bank digital currency.
Joe Biden said the goal is to research “digital asset ecosystems are designed to be usable, inclusive, equitable, and accessible by all.”
Having a digital currency would allow the government to easily track a vast amount of data on economic activities, which is why DeSantis is proposing legislation that would ban the recognition of central bank digital currencies.
“The Biden administration’s efforts to inject a Centralized Bank Digital Currency is about surveillance and control,” DeSantis said in a press release.
“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.”
“A Central Bank Digital Currency is the cornerstone of a federal government that could track each and every transaction that happens in the world,” Florida Chief Financial Officer Jimmy Patronis also said in the press release.
“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.”
Sen. Elizabeth Warren (D-Mass.) suggested that the U.S. should develop its own federal digital currency to keep people away from private digital currency companies like Bitcoin.
“Legitimate digital public money could help drive out bogus digital private money, while improving financial inclusion, efficiency, and the safety of our financial system — if that digital public money is well-designed and efficiently executed,” she said at a hearing, which she convened as chair of the Senate Banking Committee’s economic policy subcommittee.
Democrats aren’t even hiding the fact that they see digital currency as a new way to have more control over Americans and their money.
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