The DeSantis administration is vowing to “never recognize a centralized digital currency” in Florida, Gov. Ron DeSantis’s press secretary Bryan Griffin said on Tuesday, touting legislation that would do just that.
“It cannot be overstated how important this is. With this legislation, FL is vowing that it will NEVER recognize a centralized digital currency,” Griffin said in a thread posted Tuesday.
“Centralized digital $ is critical to big gov’t & globalist agendas. @GovRonDeSantis is crippling their greatest measure of control,” he continued, sharing a document detailing Florida’s bill, which would “prohibit the use of federally sanctioned CBDC as money within Florida’s Uniform Commercial Code” and ban “CBDCs issued by foreign government reserves and central banks, including China’s Digital Yuan.”
DeSantis is also urging other states to take action against the threat posed by a centralized global currency, noting that it violates personal privacy and opens the door to “government sanctioned surveillance,” per the flier:
It cannot be overstated how important this is.
With this legislation, FL is vowing that it will NEVER recognize a centralized digital currency.
Centralized digital $ is critical to big gov't & globalist agendas. @GovRonDeSantis is crippling their greatest measure of control. pic.twitter.com/0sT78JpbAC
— Bryan Griffin (@BryanDGriffin) April 11, 2023
Florida’s House Bill 7049 and Senate Bill 7054 effectively address the issues surrounding CBDCs.
DeSantis commented on Monday after the federal reserve announced it had “made no decision on issuing a central bank digital currency (CBDC) & would not do so without clear support from Congress and executive branch, ideally in the form of a specific authorizing law.”
The Federal Reserve has made no decision on issuing a central bank digital currency (CBDC) & would not do so without clear support from Congress and executive branch, ideally in the form of a specific authorizing law. A CBDC would not replace cash or other payment options. (5/6)
— Federal Reserve (@federalreserve) April 7, 2023
“It is not merely ‘ideal’ that major changes in policy receive specific authorization from Congress; it is constitutionally required,” DeSantis hit back.
“Unaccountable institutions cannot impose a CBDC on Americans. They will tell us that CBDC won’t be abused but we are wise enough to know better,” he added. “This wolf comes as a wolf.”
It is not merely “ideal” that major changes in policy receive specific authorization from Congress; it is constitutionally required.
Unaccountable institutions cannot impose a CBDC on Americans. They will tell us that CBDC won’t be abused but we are wise enough to know better.… https://t.co/OqJ27Lym2L
— Ron DeSantis (@GovRonDeSantis) April 10, 2023
DeSantis originally announced a legislative agenda to protect Floridians from CBDC in March.
“The Biden administration’s efforts to inject a Centralized Bank Digital Currency is about surveillance and control,” DeSantis said at the time, adding that it would “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,” he added.
The month prior, in February, House Majority Whip Tom Emmer (R-MN) introduced legislation that would stop the issuance of CBDC via the CBDC Anti-Surveillance State Act:
The bill does three things:
1. Prohibits the Fed from issuing a CBDC directly to anyone.
2. Bars the Fed from using a CBDC to implement monetary policy and control the economy.
3. Requires the Fed's CBDC projects to be transparent to Congress and the American people— Tom Emmer (@GOPMajorityWhip) February 22, 2023
After all, America remains a technological leader not because we force innovations to adopt our values under regulatory duress, but because we allow technology that holds these values at their core to flourish.
— Tom Emmer (@GOPMajorityWhip) February 22, 2023
COMMENTS
Please let us know if you're having issues with commenting.