Former US president and likely 2024 Republican nominee, Donald Trump, said he would block the creation of a US central bank digital currency (CBDC) – sometimes called a digital dollar – if he regains control of the White House this year.
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The controversial digital dollar, inspired by Bitcoin and highlighted by Facebook's failed digital currency project and China's digital yuan in recent years, has become a flashpoint in a culture war, with some fearing it will give governments unprecedented control over how people spend their resources. money.
Meanwhile, as Elon Musk quietly prepares a cryptocurrency bomb, Trump has expanded his suite of non-fungible cryptocurrency-based “digital trading cards” (NFTNFT) to include the Bitcoin network, sparking speculation that he may reflect his opposition to the technology as a price for Bitcoin. Rises.
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“Tonight, I also make another promise to protect Americans from government tyranny,” Trump said during a campaign speech in New Hampshire.
“As your president, I will never allow the creation of a central bank digital currency. Such a currency would give the federal government, our federal government, absolute control over your money. They could take your money and you wouldn’t even know it was gone.”
The US Federal Reserve, along with other central banks and governments around the world, has been investigating issuing a central bank digital currency, but has repeatedly said it would not create one without getting permission from Congress.
“[A digital dollar] “It would give the federal government — our federal government — absolute control of your money. They could take your money. You wouldn't even know it's gone. That would be a serious threat to freedom, and I'm going to stop her from coming to America,” Trump said.
Vivek Ramaswamy, who was challenging Trump for the Republican nomination before withdrawing and endorsing Trump this week, claimed that… Fox News to speak to Trump about the risks he sees from a digital dollar, suggesting the former candidate could steer Trump toward a crypto-friendly stance.
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In 2019, Trump said he was “not a fan” of bitcoin and cryptocurrencies, posting on Twitter (now
In 2021, Trump said he thought bitcoin “looks like a scam.”
However, since then, Trump has released an NFT collection featuring so-called digital trading cards. This week, Trump's NFT collection expanded from the Bitcoin network to Ordinals, an NFT-like digital asset on the Bitcoin blockchain.
The company running Trump's NFT project posted to
“Trump's First Ever Trading Cards on Bitcoin,” TrumpCollect to publish.
Late last year, blockchain data showed that Trump appeared to have sold $2.4 million worth of Ethereum
“Donald Trump appears to be selling his Ethereum,” blockchain investigators at Arkham Intelligence said to publish To
The Biden administration and US regulators' opposition to bitcoin and cryptocurrencies has been accused of “killing” the US cryptocurrency industry and stifling innovation.
“The point is that if they calm down and really study technology, they will move toward technology and not away from it,” said Anthony Scaramucci, Trump's short-lived communications director and hedge fund manager. Yahoo Finance On the sidelines of the World Economic Forum in Davos.
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