FT. MYERS, FLORIDA — Today, Governor Ron DeSantis signed preventative legislation (SB 7054) to protect Floridians from a central bank digital currency (CBDC). The governor says the federal government plans to implement centralized digital currency as a surveillance and control measure against the U.S. population.
“I think that anyone with their eyes open could see the dangers that this type of an arrangement would mean for Americans who want to exercise their financial independence and would like to be able to conduct business without having the government know every single transaction that they’re making in real-time,” said DeSantis.
WOKE FINANCIAL CONTROL
A federally controlled CBDC is part of an attempt by elites 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.
A federally sanctioned CBDC, as proposed by the Biden administration, would be a direct liability of the federal government rather than chartered financial institutions, shrinking market lending power. The move would also diminish the role of community banks and credit unions in our financial system.
CREDIT CARD SURVEILLANCE
DeSantis also signed a measure (SB 214) that prevents credit card companies from using a code that could help track firearm and ammunition sales. Visa, Mastercard and American Express announced plans to categorize gun-shop sales by establishing a separate merchant category code for sales at gun-related businesses. But after Republican pushback in Florida and several other states, the plans have been paused.
Florida law now 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.
Florida leads the nation in preventing the proliferation of radical Leftist ideology in the financial sector. DeSantis has pushed back on the Biden administration’s continued efforts to promote a central control state. In March, the governor formed an alliance of 18 states to fight against Biden’s ESG financial fraud scheme.