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Florida Governor calls for ban of CBDCs and ESG investments

Ron DeSantis, the 46th governor of Florida, intends to prohibit Central Bank Digital Currencies within the state. Will he succeed?

Ron DeSantis, Florida Governor, advocated for a bill to outlaw CBDCs in Florida in the past. On Tuesday, while in Jacksonville, DeSantis once again called for a ban of central bank digital currencies (CBDCs) and said they are recognizing the dangers with this agenda.

Fed wants higher control over money

During a visit to Jacksonville on May 2nd, the Republican Florida Governor discussed the state’s economic policy, with the intention of shielding Floridians from ESG (Environmental, Social, and Governance) standards.

Read more: Recent surge of PEPE brought memecoins back – who are the new players?

The bill he proposed would outlaw ESG criteria and investments with state funding in Florida. DeSantis has stated they are seeing the dangers of CBDCs, claiming nothing about this is on the agenda of the typical Floridian or American. It’s the elite’s plan for the country. 

DeSantis has been outspoken in his opposition to both ESG criteria and the federal government’s proposed central bank digital currency. He has spoken out in favor of cryptocurrency projects that are independent of CBDCs.

I think the danger of central bank digital currency is they want to make that the only currency, and they want to get rid of crypto,” DeSantis explained. 

They hate crypto because it’s difficult to control and regulate. He said that’s why they advocate for a single digital currency issued by the government. Like other prominent Republicans, DeSantis is opposed to the concept of a CBDC issued by a centralized bank.

Also read: The threats of CBDCs – why we should not take it lightly 

For example, Robert Kennedy Jr., a Democratic presidential candidate in 2024, has said that a CBDC issued by a central bank might lead to financial slavery. While in Jacksonville, DeSantis made it clear that CBDCs would not be welcome in his home state of Florida.

It’s about making sure we don’t have a financial surveillance state where they know every transaction you’re making and protecting your financial freedom,” he said.

Final thoughts

DeSantis thinks CBDC should be banned and claims that CBDC reduces market lending power. Here we can see that the future of CBDCs is probably similar to crypto. It will be legal in some places, and it will be illegal in other places. 

I got into financial markets by accident in 2012 and started with Forex trading. Later in 2017, I started investing in stocks in cryptocurrencies and began writing articles profess...


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