Trump says no to American CBDCs - US

Former President Donald Trump expressed strong opposition to the creation of a central bank-issued digital dollar, asserting it would grant the federal government excessive control over citizens' finances. During a campaign stop in New Hampshire, Trump vowed never to allow the development of such a currency, emphasizing the potential threat to individual financial autonomy. Conservatives, including Trump's rival Governor Ron DeSantis, have raised concerns about government surveillance facilitated by a digital dollar. While the Federal Reserve is studying the concept, no decision has been made, and any progression would require legislative and executive support, according to the central bank. Trump's stance aligns with his populist agenda, resonating with privacy-conscious voters.