{"id":473119,"date":"2024-01-18T11:14:10","date_gmt":"2024-01-18T11:14:10","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=473119"},"modified":"2024-01-18T11:14:10","modified_gmt":"2024-01-18T11:14:10","slug":"donald-trump-vows-to-stop-cbdc-creation-in-u-s-calls-it-dangerous-threat-to-freedom","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/donald-trump-vows-to-stop-cbdc-creation-in-u-s-calls-it-dangerous-threat-to-freedom","title":{"rendered":"Donald Trump Vows To Stop CBDC Creation In U.S., Calls It \u201cDangerous Threat To Freedom\u201d"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Former President Donald <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/ethereum-price-prediction-eth-pumps-6-as-donald-trump-linked-portfolio-sells-2-4-million-and-experts-say-these-rising-stars-could-be-the-best-meme-coins-to-buy-in-2024\"><span style=\"font-weight: 400;\">Trump<\/span><\/a><span style=\"font-weight: 400;\"> promised to ban the creation of a central bank digital currency (CBDC) if he regains office. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">&ldquo;This would be a dangerous threat to freedom, and I will stop it from coming to America,&rdquo; said Trump, the front-runner in the Republican leadership race.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Donald Trump Fears Feds Will Take Absolute Control With A CBDC<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Speaking during a campaign appearance in New Hampshire, Trump elaborated by saying that &ldquo;such a currency would give a federal government absolute control over your money. They could take your money, and you wouldn&rsquo;t even know it was gone.<\/span><span style=\"font-weight: 400;\"> I will never allow the creation of a central bank digital currency.&rdquo;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: &#127482;&#127480; Donald Trump says \"As your president, I will never allow the creation of a Central Bank Digital Currency. Such a currency would give our federal government absolute control over your money.\" <a href=\"https:\/\/t.co\/lSE2AGYgOm\">pic.twitter.com\/lSE2AGYgOm<\/a><\/p>\n<p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1747819823159972003?ref_src=twsrc%5Etfw\">January 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Trump was accompanied on stage by Vivek Ramaswamy, a crypto-friendly former candidate who recently suspended his campaign and <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/pro-crypto-presidential-candidate-vivek-ramaswamy-suspends-campaign-and-endorses-donald-trump\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> that he would endorse Trump.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">CBDCs A Hot Topic In U.S. Politics<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">While there is no proposal from the <\/span><a href=\"https:\/\/www.federalreserve.gov\/\"><span style=\"font-weight: 400;\">Federal Reserve<\/span><\/a><span style=\"font-weight: 400;\"> to introduce a CBDC, an American CBDC has become a popular issue in U.S. politics. The topic has also emerged as one of the main problems for Florida Governor Ron DeSantis&rsquo; office.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By choosing to focus on CBDCs and to<a href=\"https:\/\/insidebitcoins.com\/news\/ron-desantis-vows-to-end-bidens-war-on-bitcoin-toss-cbdc-into-trash-can-if-elected-president\"> say<\/a> he&rsquo;d it into the trash can, DeSantis has managed to garner more public interest than if he had focused on other problems frequently brought forward, such as gun rights and abortion. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Still, he&rsquo;s not anti-crypto.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&ldquo;We are going to let Americans invest in things like Bitcoin and cryptocurrency,&rdquo; he said while speaking at a <a href=\"https:\/\/www.youtube.com\/watch?v=zzWKGlmAB68\">New Hampshire campaign event<\/a>. &ldquo;Biden&rsquo;s war on Bitcoin currency will come to an end when I become president.&rdquo;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The first anti-CBDC bill in the United States passed out of the Financial Services Committee today! A historical step in defending against an ever-expanding government surveillance state. <a href=\"https:\/\/t.co\/1XXSEHOhNC\">https:\/\/t.co\/1XXSEHOhNC<\/a><\/p>\n<p>&mdash; Tom Emmer (@GOPMajorityWhip) <a href=\"https:\/\/twitter.com\/GOPMajorityWhip\/status\/1704584021718528086?ref_src=twsrc%5Etfw\">September 20, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The U.S. House Financial Services Committee also added a major obstacle that restricts the Federal Reserve from issuing a CBDC. <\/span><a href=\"https:\/\/emmer.house.gov\/press-releases?id=AF7974C8-BAD5-4082-9E77-29A6D7EA5915\"><span style=\"font-weight: 400;\">Introduced<\/span><\/a><span style=\"font-weight: 400;\"> by Majority Whip Tom Emmer in September 2023, the CBDC Anti-Surveillance State Act prevents the Federal Reserve from issuing a CBDC to individuals.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/news\/us-house-committee-passes-bill-to-block-federal-reserve-from-issuing-a-cbdc\"><span style=\"font-weight: 400;\">Emmer<\/span><\/a><span style=\"font-weight: 400;\"> said &ldquo;a central bank digital currency is nothing more than a CCP [Chinese Communist Party]-style surveillance tool that can be weaponized to oppress the American way of life.&rdquo;&nbsp;<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-etf-competition-getting-wild-as-proshares-files-for-5-leveraged-and-inverse-etfs\"><span style=\"font-weight: 400;\">Bitcoin ETF Competition &ldquo;Getting Wild&rdquo; As ProShares Files For 5 Leveraged And Inverse ETFs<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/crypto-youtuber-crypto-boy-provides-update-on-the-next-big-staking-crypto-gem\"><span style=\"font-weight: 400;\">Crypto YouTuber Crypto Boy Provides Update on the Next Big Staking Crypto Gem<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/what-crypto-presale-quick-guide-getting-ground-floor-new-calsona-mwpve\/\"><span style=\"font-weight: 400;\">What is a Crypto Presale? A Quick Guide to Getting in on the Ground Floor of New Cryptocurrencies!<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - Pepe Unchained<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/pepu.svg\" alt=\"Pepe Unchained\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Layer 2 Meme Coin Ecosystem<\/li>\n                                                                                                    <li>Featured in Cointelegraph<\/li>\n                                                                                                    <li>SolidProof &amp; Coinsult Audited<\/li>\n                                                                                                    <li>Staking Rewards - 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