Donald Trump vows to ‘never allow’ creation of a CBDC if elected

U.S. presidential candidate and former president Donald Trump vowed to “never allow” the Fed to create a CBDC
Martin Young
Posted by Martin Young January 18, 2024 2 Mins Read
U.S. presidential candidate and former president Donald Trump vowed to “never allow” the Fed to create a CBDC

U.S. presidential candidate and former president Donald Trump has vowed to “never allow” the Federal Reserve to create a central bank digital currency (CBDC) in the United States. 

The pledge came during a campaign speech in Portsmouth, New Hampshire on Jan. 17 where the former president of the United States said: “Tonight I’m making another promise to protect Americans from government tyranny.”

“I will never allow the creation of a Central Bank Digital Currency.”

The declaration was met with rapturous applause to which Trump replied “I didn’t know you know so much … New Hampshire, very smart people,” before continuing to explain:

“Such a currency would give a federal government, our federal government, the absolute control over your money [...] they could take your money and you wouldn’t even know it was gone.”

“This would be a dangerous threat to freedom and I will stop it from coming to America,” he said.

Donald Trump, who tried to overthrow the 2020 presidential election results, announced the launch of his 2024 presidential bid in November 2022. The 60th quadrennial U.S. presidential election will be held on Nov. 5, 2024.

On Jan. 17, former Securities and Exchange Commission enforcer John Reed Stark said the crypto movement could hold the key to the 2024 presidential election.

“Every presidential contender should immediately appoint an internal Crypto Czar to serve as the crypto-focal point and crypto-spokesperson for that candidate.”

This is a developing story, and further information will be added as it becomes available.

Magazine: Doctor Who materializes in Web3: Tony Pearce’s journey in time and space

Tags: