DeSantis signs bill keeping central digital currency out of Florida

Photo by: Gage Skidmore

Gov. Ron DeSantis signed bills banning a centralized federal digital currency and government surveillance of finances in Fort Myers Friday.

The governor was joined at the Southwest Florida Public Service Academy by Agriculture Commissioner Wilton Simpson and Fort Myers Technical College College President Kathleen Passidomo.

There, he signed Senate Bill 7054 and SB 214.

“The government and large credit card companies should not have the power to shut off access to your hard-earned money because they disagree with your politics,” said Governor Ron DeSantis. “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 won’t allow self-interested elites to chip away at our liberty.”

Back in March, DeSantis announced legislation that would prevent CBDC from being used in Florida’s Uniform Commercial Code and prevent any currency from a global bank.

During his announcement, DeSantis said the CBDC was a “surveillance and control” attempt by President Joe Biden’s administration. His office also said these currencies were “the most recent way the Davos elites are attempting to backdoor woke ideology like Environmental, Social, and Governance (ESG) into the United States financial system.”

According to the Federal Reserve, it is not imposing any digital currency. Instead, it is starting a FedNow payment service to speed up payments for individuals and businesses.

“The FedNow Service is neither a form of currency nor a step toward eliminating any form of payment, including cash,” the Fed said in a Twitter thread. “The FedNow Service is an instant payments service provided by the Federal Reserve, launching in July 2023.”

Source: WFLA

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