Current US presidential campaigner Vivek Ramaswami has criticized the digital dollar and Treasury Secretary Janet Yellen for promoting the CBDC.
“CBDC is the latest Trojan horse of the Great Reset and a direct path to a social credit system that forever integrates ESG into our currency. The dollar will be stronger if we protect it from digitalization,” he said.
According to the politician, China is introducing a digital yuan to restrict people’s freedom.
“Exactly for the reasons why CPC wants to accept it, we in the US should not do that,” Ramaswamy explained.
He also noted CBDC’s potential threat to the freedom Americans “enjoy in choosing how to use and invest money and resources.”
The US presidential election is scheduled for November 5, 2024. Florida Gov. Ron DeSantis, who nominated himself, opposed the introduction of the CBDC. In May, he announced a ban on the digital dollar in the state.
In April, another US presidential candidate, Robert Francis Kennedy Jr., also criticized the CBDC. He called such means of payment “the highest mechanism of social monitoring and control.”
In August, Miami Mayor and running mate Francis Suarez vowed to ban CBDC if elected president of the United States.
Recall that in June, Coinbase CEO Brian Armstrong called the upcoming US elections a key moment for regulating digital assets.
According to the Grayscale report, the promotion of cryptocurrencies by US presidential candidates is driven by the forecast that Generation Z and millennials will make up a significant proportion of voters – about 44%. Young people have less trust in traditional institutions and more commitment to new technologies.
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