Republicans Lead Charge Against Biden’s Push For Central Bank Digital Currency

  • The advent of a CBDC could emerge as an issue in the forthcoming Republican presidential primary race.
  • Vivek Ramaswamy, an asset management executive and contender for the Republican nomination, has pressed every Republican candidate to denounce digital dollar initiatives.
  • Gov. Ron DeSantis (R-FL) unveiled a proposal this week designed to prohibit the use of a CBDC in Florida and encouraged other states to follow suit, while Gov. Kristi Noem (R-SD) vetoed legislation that would have classified the asset as money in South Dakota.
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