The US presidential candidate is a staunch opponent of central bank digital currencies!

According to DeSais, the Federal Reserve plans to consult with represeatives of the legislative and executive branches of the US governme and pass legislation that would allow the use of CBDCs. Florida, where DeSais serves as governor, has banned the use of CBDCs, and he expects other states to follow suit.
DeSais has also expressed concern about the World Economic Forum’s plans to phase out cash and crypto, which is why he plans to use CBDC.
DeSais’ commes refer to a report from 2022 in which the Fed made a stateme that matched his description, but which also explained that the Fed was taking no position “on the ultimate desirability” of a CBDC.
DeSais’ claims have been met with couer-criticism from deceralization advocates who argue that this restrictive approach runs couer to the values ​​that underlie Bitcoin and other public cryptocurrencies. Many couries that are iroducing CBDCs have described restrictions on illegal purchases and transaction tracking that are already being applied to financial transactions.
Consequely, DeSais’ opposition to CBDCs reflects a broader debate about the role of cryptocurrencies in the economy and society. While some claim that CBDCs can improve finance and reduce transaction costs, others raise concerns about privacy, governme ierference, and the poteial for abuse.