President Donald J. Trump is expected to denounce Central Bank Digital Currencies (CBDCs) in an address in New Hampshire on Wednesday evening.
In from his New York trial for the second day running, Trump is expected to tell the crowd in Portsmouth, “Tonight, I am also making another promise to protect Americans from government tyranny.
“As your president, I will never allow the creation of a Central Bank Digital Currency. Such a currency would give the federal government absolute control over your money. This would be a dangerous threat to freedom – and I will stop it from coming to America. We are also going to put in place strong protections to stop banks and regulators from trying to de-bank you for your political beliefs. That will never happen while I am your president.”
The comments are believed to be the first time the 45th President has intervened on the subject of CBDCs – a digital currency issued by a nation’s central bank, such as the Federal Reserve. The news comes one day after Trump shared the stage with Vivek Ramaswamy, who has been increasingly vocal on the subject.