TALLAHASSEE, FLORIDA — Today, Governor Ron DeSantis announced comprehensive legislation to protect Floridians from a central bank digital currency (CBDC). The governor says the federal government is planning to implement centralized digital currency as a surveillance and control measure against the U.S. population.
“The Biden administration’s efforts to inject a Centralized Bank Digital Currency is about surveillance and control,” said Governor DeSantis. “Today’s announcement will protect Florida consumers and businesses from the reckless adoption of a ‘centralized digital dollar’ which will stifle innovation and promote government-sanctioned surveillance. Florida will not side with economic central planners; we will not adopt policies that threaten personal economic freedom and security.”
The legislative proposal protects consumers and businesses by:
- Expressly prohibiting the use of a federally adopted Central Bank Digital Currency as money within Florida’s Uniform Commercial Code (UCC).
- Instituting protections against a central global currency by prohibiting any CBDC issued by a foreign reserve or foreign-sanctioned central bank.
- Calling on like-minded states to join Florida in adopting similar prohibitions within their respective Commercial Codes to fight back against this concept nationwide.
A federally controlled CBDC is part of the way elites are attempting to backdoor “woke ideology” like Environmental, Social, and Governance (ESG) rules into the U.S. financial system, threatening individual privacy and economic freedom. Unlike decentralized digital currency, CBDC is directly controlled and issued by the government to consumers, giving bureaucrats the ability to see all consumer activity. The government would also have the power to cut off access to goods and services based on consumers’ behavior.
“Governor DeSantis is ahead of the curve when it comes to protecting individual rights,” said CFO Jimmy Patronis. “A Central Bank Digital Currency is the cornerstone of a federal government that could track each and every transaction that happens in the world. There would be no privacy, and if there is no privacy, there are no rights.”
A federally sanctioned CBDC, as proposed by the Biden administration, would also diminish the role of community banks and credit unions in our financial system. CBDC currency would be a direct liability of the federal government rather than chartered financial institutions, shrinking market lending power.
“This proposal continues the strong track record of Governor DeSantis pushing back on an overreaching federal government,” said Foundation for Government Accountability CEO Tarren Bragdon. “Our money says In God We Trust. The central bank digital currency changes that to In Government We Trust. That's wrong and I am grateful for the governor's continued pushback of an out-of-control D.C. bureaucracy.”
Today’s announcement builds on a series of actions DeSantis has taken to prevent the proliferation of radical Leftist ideology into the financial sector. The governor has pushed back on the Biden administration’s continued efforts to promote a central control state and formed an alliance of 18 states to fight against Biden’s ESG financial fraud scheme.