Florida is Leading the Way in Opposing Central Bank Digital Currencies
Jose Nino
|
In the last few months, elected officials in Florida have put forward bills that would prohibit the use of federal and foreign CBDCs. In March, Florida Governor Ron DeSantis pushed lawmakers to introduce legislation to prevent the tyrannical use of CBDCs to micromanage people’s economic affairs.
Senate Bill 7054 and its counterpart House Bill 7049 would alter the definition of money and introduce the definition of a CBDC under the United States Uniform Commercial Code (UCC), which is adopted as state law.
These bills would bar the use of digital currencies propped up by governments but allow the use of cryptocurrencies such as Bitcoin, which are decentralized in nature.
According to Rick Findlay of Reclaim the Net, the bills categorize a “CBDC as a digital currency, digital monetary unit, or digital medium of exchange issued by the US Federal Reserve, federal agency, foreign central bank or reserve, or foreign government made directly available to consumers and directly processed or validated by said entities.”
Per analysis of SB 7054 on the Florida Senate’s website, 11 countries, which includes China, have fully implemented a CBDC whereas 18 others are rolling out CBDC programs. In the US, a CBDC is in its developmental stage.
The introduction of both bills came following DeSantis’s push for legislation to bar the use of CBDCs in Florida. He argued that the Biden regime was pushing for a digital currency to use as a tool to control and surveil people.
In March, DeSantis pushed for Florida’s elected officials to ban CBDCs in Florida.
“I am here to call on the legislature to pass legislation to expressly forbid the use of CBDC as money within Florida’s uniform commercial code,” he said during a press conference.
He proclaimed that the legislation would ensure that the state backs innovation in the financial sector “while protecting against government surveillance over your personal finances.”
On top of that, the bill would prohibit CBDCs issued by central banks in foreign countries.
“This will ensure that any effort to adopt a worldwide digital currency will never occur in the Free State of Florida,” he stated.
DeSantis called on other red states to embrace similar legislation.
“I think it’s really important that states stand up to fight back against some of the things that are going on, or most of the things that are going on right now in Washington, because they don’t have your best interests at heart.They have their own power at heart,” DeSantis commented.
Florida seems to be America’s freedom state. Regardless of DeSantis’ flaws, he has run a tight ship in Florida. He should be commended for that. To stop technocratic projects like CBDCs in their tracks, states such as Florida must lead the charge against such as dystopian projects.
DC is not going to save us.
Share: