"Such a currency would grant the federal government, our federal administration, absolute authority over its funds... they could seize your funds, and you might not even realize it's vanished," Trump articulated.
The contentious ex-president's statement garnered approval from the audience, prompting his response, "I wasn't aware they were so well-informed... In New Hampshire, there are individuals with great intellect." He subsequently emphasized that a CBDC posed a perilous threat to liberty, vowing to prevent its introduction to the United States.
Trump also holds a negative stance towards bitcoin (BTC) and cryptocurrencies, branding them in 2020 as "highly unpredictable and valued on speculative grounds." However, it was disclosed in 2023 that he possessed over $250,000 in ether (ETH).
The candidate's opposition aligns with that of other contenders for the U.S. presidency who express the imperative to resist central bank digital currencies. Many consider the widespread resistance to CBDCs in the United States, incorporating these concerns into their campaign agendas.
In this manner, Trump and the majority of Republican Party presidential hopefuls cast doubt on these currencies. Among them are Ron DeSantis and Vivek Ramaswamy. Despite the latter's clear pro-bitcoin position, he stepped down on January 15, declaring his support for Trump.
DeSantis secured second place in the Iowa primaries, a pivotal state for the Republican nomination. The Florida governor endorses cryptocurrencies and vehemently opposes CBDCs, even going so far as to bar these currencies from circulation within his state.
Other presidential aspirants, like the now independent candidate Robert Kennedy Jr., similarly pledge to thwart the rollout of CBDCs and champion the utilization of bitcoin.
Resistance is burgeoning even at the state level. Over recent weeks, several U.S. states have introduced legislative proposals to prohibit CBDC circulation within their jurisdictions. As reported by CriptoNoticias, they aim to revise commercial codes to exclude such currencies from the money classification.
This reflects an increasing majority of U.S. governors and politicians challenging the Federal Reserve's initiative to launch a digital dollar. Reports on the CBDC suggest it remains in the testing phase, with various pilot programs announced since 2021.
