Florida Governor Ron DeSantis proposed legislation on Monday that would ban central bank digital currencies (CBDCs) from the Sunshine State, portraying it as a measure to safeguard Floridians’ financial privacy.
The legislation would prohibit in Florida any CBDC that the U.S. Federal Reserve could introduce and any created by a foreign government, outlawing the technology entirely from being used as a form of money within the state.
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DeSantis introduced the legislation from behind a podium with the phrase “Big Brother’s Digital Dollar” plastered across it. He skewered the technology as a vehicle that could lead to government overreach and pave the way for financial surveillance.
