Home Cryptocurrency Donald Trump is the latest Republican to use CBDCs as a dog whistle

Donald Trump is the latest Republican to use CBDCs as a dog whistle

by SuperiorInvest

Trump joins many other prominent Republicans in speaking out against a CBDC. Florida Gov. Ron DeSantis, who came in second to Trump in Iowa, was the first major candidate to come out in opposition. Vivek Ramaswamy, a Bitcoin advocate, has said “hell no” to one. Tom Emmer, the leader of the House of Representatives, introduced a bill in Congress to ban a CBDC in the US. Senator Ted Cruz of Texas did so something like that in the upper chamber. The North Carolina House of Representatives approved a bill to ban the so-called “digital dollar” there.

Trump’s opposition to a CBDC may be motivated by Ramaswamy’s endorsement of his candidacy following the latter’s poor showing in Iowa. But Trump’s opposition to a CBDC is a bit curious, given everything that is happening in the United States. and the world at this moment. Currently, the Federal Reserve has no real plans for a CBDC. The most any US official has said in support is that the US should investigate and test the idea. Trump is scrapping a government policy that is not currently a government policy and does not look like it will become a policy any time soon.

In fact, he nodded to this strange reality in the speech, acknowledging that many in the audience may not know much about CBDCs, one of the most arcane and slow-moving areas of innovation in the digital currency landscape.

Read more: Emily Parker – Central Bank Digital Currencies Are Unexpectedly Becoming a Presidential Election Issue

“I didn’t know you knew so much,” Trump said as the crowd cheered. “New Hampshire: very smart people. Very current. “You know what they’re doing.” “They” are the federal government.

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