Florida has become the first U.S. state to pass legislation prohibiting the use of Central Bank Digital Currencies (CBDCs).
The governor of Florida and Republican presidential candidate Ron DeSantis announced the news via Twitter on Friday. In a tweet, he said the legislation will prevent central bank-issued digital currencies from being recognized by the state.
CBDCs Under Spotlight Ahead of 2024 Election
Although the Florida bill applies to all CBDCs, DeSantis’ rhetoric targets the Biden administration’s efforts to establish a digital dollar.
“The legislation I signed today makes Florida the first state in the nation to protect individuals from government surveillance in their personal finances through a CBDC,” his tweet stated.
And DeSantis isn’t the only politician making a stand against centralized digital currencies.
In an emerging dividing line in American politics, Florida’s anti-CBDC stance posits…
