Many potential candidates for the 2024 presidential election in the United States of America have attacked the idea of the US government issuing a digital dollar, citing a number of concerns about this step and what will result from it.
Republican presidential nominee and Florida governor Ron DeSantis revealed his disapproval of the digital dollar idea via a tweet on April 10, when he commented on the Federal Reserve's announcement that it had not yet made a decision on issuing a digital dollar. It's just not perfect, de Santis said. Major changes in policy must receive specific authorization from Congress, and it is constitutionally required.
And the potential candidate for the US presidency added, “Unaccountable institutions cannot impose the digital dollar on Americans,” stressing, “They will tell us that the digital dollar will not be misused, but we have enough wisdom to know the truth of the matter,” and continued, “This is a wolf that bares its teeth.”
For his part, the potential Republican candidate, Vivek Ramaswamy, confirmed that he is happy that De Santis joined him in opposing the idea of issuing a digital dollar.
Ramaswamy - the first of the two candidates to openly attack the digital dollar - said that issuing a digital dollar would make America more like China - Beijing issued the digital yuan in 2021 - and would provide a path towards a socialist credit system.
The potential candidate for the US presidency confirmed his opposition to issuing a digital dollar in many tweets, and not only called on all potential candidates seeking the Republican nomination to publicly oppose this step, stressing that this matter represents a major test for any candidate.
The picture is not much different between the potential presidential candidates within the Democratic Party, as the potential candidate for the Democratic Party, Robert F. Kennedy Jr., rejected the idea of issuing a digital dollar, although the reasons for his rejection differed from those announced by Ramaswamy and de Santis.
“The Federal Reserve just announced that it will provide (Feed Now) - instant payment service - in July, which is a digital currency,” Kennedy said in a tweet on April 5, adding, “Central bank digital currencies pave the way towards financial slavery and political tyranny.” .
And the potential candidate for the US presidency continued, “While monetary transactions are anonymous, a digital currency issued by the central bank will allow the government to monitor all of our private financial affairs, the central bank will have the ability to impose restrictions in dollars on our transactions to the extent that restricts where you can send money, where you can spend it and even When does the money expire?
The central bank-issued digital currency, which will be tied to the government's digital identity, will allow your assets to be frozen or your spending to be restricted to a select group of authorized vendors if you fail to comply with arbitrary dictates, Kennedy stressed.
