Trump will never allow CBCC, gives ‘full credit’ to Vivek Ramaswamy
The former president of the United States and the current presidential candidate, Donald Trump, again mentioned the subject of central bank digital currencies (CBCC), after a disappointing race for the former presidential candidate of the Republican Party Vivek Ramaswamy “giving full credit”.
During a rally in Laconia, New Hampshire in January, 22, Trump told the audience that Ramaswamy – the only presidential candidate with a crypto framework in his program – again asked him to raise the question of addressing the potential CBDC in the United States. . After a brief confession that he didn't like Ramaswamy until he won, Trump recently said he would never approve the CBCC.
The first time Trump addressed the CBCC was during a campaign speech in Portsmouth, New Hampshire on January 17, the then-former president said, “I will never allow a central bank to create a digital currency.” A currency gives the federal government “absolute control” over citizens' money.
Related: Two Presidential Incumbents Left Waving the Crypto Flag
While Trump has not previously been known for any specific stance on crypto — aside from some negative comments about Bitcoin during his presidency — Vivek Ramaswamy and Florida Governor Ron DeSantis have taken up the issue in their presidential campaigns.
Trump says he will never allow CBCC and thanks @VivekGramaswamy.
Wait until he announces it with #bitcoin… pic.twitter.com/DgDJuFLYmT
— Peter McCormack ☠️ (@PeterMcCormack) January 23, 2024
Both former candidates have suspended their campaigns. Ramaswamy quit on January 16 in favor of Trump. After losing to Trump by 21 points during the Iowa caucuses, DeSantis resigned in 2016. It officially ended its run on January 21. DeSantis has confirmed his support for Trump, who has repeatedly mocked the politician in recent months.
In the year On January 19, U.S. Representative Tom Emmer said he wanted to work with Trump on “expanding government surveillance,” and expressed support for Trump's pledge to fight CBCCs. Emmer has spoken out against digital assets several times and has a history of pushing against the regulation from the US Securities and Exchange Commission and Chairman Gary Gensler's enforcement approach.
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