Ron DeSantis on possible government-controlled digital currency: "It's not a wolf in sheep's clothing, it's a wolf coming as a wolf."

Joe Biden' s administration is very slowly slipping the possibility of implementing a federally controlled digital currency. He even signed an executive order in 2022 to explore its use options. In other words, through a virtual wallet, when you want to buy something, the state will withdraw the money from your account and deposit it in the seller's account. Needless to say, every transaction would be recorded. One who is less than enthusiastic about this idea is Ron DeSantis, who called it a "complete disaster."

The Florida governor was recently interviewed by

John Stossel

who is bringing Republican candidates and potential candidates for president to his program. One of the main themes of his episode with DeSantis was precisely this financial initiative.

The central bank digital currency(CBDC) differs from cryptocurrencies for one simple reason: it would be governed by a centralized body. "Sometimes the government does things that may seem benevolent, but in reality they are like a wolf in sheep's clothing. This is a wolf coming as a wolf," the Sunshine State governor said.

"If you don't trust the central authority, then you should immediately see this as very problematic," DeSantis added in the interview, which already has more than 300,000 views on YouTube. The potential presidential candidate's disdain for this initiative is such that he has alreadysucceeded in getting the Florida Legislature to ban its use.

Florida has already banned the use of CBDC.

On May 12, DeSantis signed two bills into law, dubbed the

SB 7054 and SB 214

. The first prohibits the use of a federally adopted central bank digital currency (CBDC) by excluding it from the definition of money within the Florida Uniform Commercial Code, while the second prohibits credit card companies from using specific firearms merchant category codes and institutes a fine for violations of consumer protections.

"The government and the big credit card companies should not have the power to shut off access to your hard-earned money because they disagree with your policy," DeSantis said.

"Biden's Central Bank Digital Currency aims to increase government control over people's finances, and we will not allow it. In Florida, we value personal freedom and will not allow self-interested elites to chip away at our freedom," the governor added in his speech.