Trump and Kennedy Jr. Unite Against U.S. Digital Currency Plans
January 29, 2024
Presidential candidates Donald Trump and Robert F. Kennedy Jr. oppose the development of a U.S. central bank digital currency.
Both candidates express concerns that a CBDC could lead to increased government surveillance and control over financial transactions.
Kennedy has left the Democratic Party and opposes CBDCs, advocating for cryptocurrencies like Bitcoin to ensure financial freedom.
Trump and Kennedy promise to block the creation of a CBDC if elected.
The CBDC debate is gaining political traction, with notable figures both for and against its development.
Fed Chair Jerome Powell indicates a digital dollar is not expected to be introduced for at least a few years.
Summary based on 3 sources