TALLAHASSEE, Fla. —Florida Gov. Ron DeSantis has announced legislation he said is designed “protect” Floridians from the Biden Administration’s “weaponization” of the financial sector through a central bank digital currency (CBDC).
According to a release from the governor, the legislative proposal “protects” consumers and businesses from a federally controlled CBDC by:
- Expressly prohibiting the use of a federally adopted Central Bank Digital Currency as money within Florida’s Uniform Commercial Code
- Instituting protections against a central global currency by prohibiting any CBDC issued by a foreign reserve or foreign sanctioned central bank
- Calling on likeminded states to join Florida in adopting similar prohibitions within their respective Commercial Codes to fight back against this concept nationwide
‘Surveillance and Control’
“The Biden administration’s efforts to inject a Centralized Bank Digital Currency is about surveillance and control,” said 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.”
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