The US government was urged to immediately ban the introduction of the cryptocurrency dollar

The governor of the US state of Florida, Ron DeSantis, has proposed a bill banning the introduction of the digital dollar in the state as a means of protecting the confidential data of local residents.

Ron DeSantis characterized his project with the phrase «Big Brother’s Digital Dollar». This draft law prohibits the introduction of the US Federal Reserve’s digital currency in Florida, as well as any other digital currencies created by the government. DeSantis called this type of money a tool that could lead to abuse by the government and increase oversight of cash flows.

«The Central Bank’s digital currency is designed to monitor Americans and control their funds. You’re opening a big can of worms, giving the Fed enormous power that it will abuse,» DeSantis emphasized.

During his speech, DeSantis mentioned the decree issued by US President Joe Biden last year, according to which government agencies must agree on a roadmap for the digital dollar. According to DeSantis, the CBDC can be used to «implement the plans» of the state, for example, to impose restrictions on the purchase of gasoline or a ban on the purchase of firearms. Therefore, the governor of Florida called on other states to adopt a similar law prohibiting the introduction of the digital dollar.

DeSantis did not say whether he would run for the US presidency from the Republican Party. However, according to Morning Consult, he is considered one of the leading candidates.

While DeSantis is categorically against the digital dollar, Johan Van Overveld, former Belgian Minister of Finance and economic representative of the right-wing ECR political party in the European Parliament, is negative about cryptocurrencies in general. Comparing digital assets to drugs, Overtveld called on the EU authorities to immediately ban cryptocurrencies. According to the politician, it was the focus on digital assets and serving the interests of cryptocurrency industry participants that caused the collapse of three leading US banks.