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Donald Trump

<p>In a campaign speech, former President of the United States and current presidential candidate Donald Trump made a resounding promise to the American people.&nbsp;</p>
<p>He vowed to “never allow” the Federal Reserve to create a Central Bank Digital Currency (<a href="https://www.cryptopolitan.com/u-s-states-inclusion-of-cbdcs-legal-tender/" rel="noopener noreferrer nofollow">CBDC</a>) in the United States, citing concerns about government control and potential threats to individual freedom.</p>
<h2 class="wp-block-heading" id="trump-s-pledge-to-protect-americans-from-government-tyranny">Trump’s pledge to protect Americans from government tyranny</h2>
<p>Addressing a crowd in Portsmouth, New Hampshire, Trump <a href="https://twitter.com/manofbert/status/1747817820581167133" rel="noopener noreferrer nofollow" target="_blank">declared</a>, “Tonight I’m making another promise to protect Americans from government tyranny.” He emphasized his stance on CBDCs, stating firmly, “I will never allow the creation of a Central Bank Digital Currency.” His declaration was met with enthusiastic applause from his supporters.</p>
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   <p lang="en" dir="ltr">Trump says he will prevent implementation of Central Bank Digital Currencies (CBDC) <a href="https://t.co/vheJDn2HBg" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/vheJDn2HBg</a></p>— Bertman (@manofbert) <a href="https://twitter.com/manofbert/status/1747817820581167133?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">January 18, 2024</a>
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<p>Trump expressed his concerns about the implications of a CBDC, particularly highlighting the risk of the federal government gaining absolute control over individuals’ financial assets.&nbsp;</p>
<p>He argued that such a currency could allow the government to access people’s money without their knowledge, describing it as a “dangerous threat to freedom.”</p>
<h2 class="wp-block-heading" id="the-2024-presidential-race-heats-up">The 2024 presidential race heats up</h2>
<p>Donald Trump, who previously sought to overturn the results of the 2020 presidential election, officially announced his candidacy for the 2024 presidential election in November 2022.&nbsp;</p>
<p>The 60th quadrennial U.S. presidential election is scheduled for November 5, 2024, and Trump’s declaration regarding CBDCs adds another layer to the ongoing political discourse.</p>
<p>This move by <a href="https://www.cryptopolitan.com/us-lawmaker-trumps-admin-to-crypto-friendly/" rel="noopener noreferrer nofollow">Trump </a>aligns with his history of advocating for limited government intervention in the economy and maintaining individual liberties, a position that resonates with many of his supporters.</p>
<h2 class="wp-block-heading" id="ron-desantis-echoes-trump-s-stance-on-cbdcs">Ron DeSantis echoes Trump’s stance on CBDCs</h2>
<p>Notably, Florida Governor and Republican presidential candidate Ron DeSantis previously made a similar promise, pledging to “nix” central bank digital currencies on his first day as president. DeSantis, seen as a potential rival to Trump in the Republican primaries, has consistently trailed behind Trump in polls by more than 10 points since announcing his campaign.</p>
<h2 class="wp-block-heading" id="the-impact-of-crypto-on-the-2024-presidential-election">The impact of crypto on the 2024 presidential election</h2>
<p>The crypto movement continues to gain attention in the realm of U.S. politics. Former Securities and Exchange Commission enforcer <a href="https://www.cryptopolitan.com/john-reed-stark-highlights-sec-disparity-in-crypto/" rel="noopener noreferrer nofollow">John Reed </a>Stark suggested that the crypto industry could play a pivotal role in the 2024 presidential election.&nbsp;</p>
<p>Stark proposed that “every presidential contender should immediately appoint an internal Crypto Czar to serve as the crypto-focal point and crypto-spokesperson for that candidate.”</p>
<p>As the presidential race unfolds, it is evident that digital currencies and blockchain technology are becoming central topics in the political landscape.&nbsp;</p>
<p>Both Trump’s and DeSantis’s opposition to a CBDC reflects a broader discussion about the role of government in financial innovation and individual financial autonomy.</p>

Trump’s anti-CBDC Stance Sets tone for 2024 presidential race

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