On April 16, 2019, Florida Gov. Ron DeSantis visited U.S. Coast Guard Station Marathon to meet with Monroe County and municipality officials. He discussed Hurricane Irma recovery, water quality, and coral restoration. Also in attendance were Lieut. Gov. Jeannette Nunez, Department of Economic Opportunity Director Ken Lawson, Secretary Noah Valenstein of Environmental Protection, and Florida Department of Emergency Management Director Jared Moskowitz. “We have a good plan to achieve a lot on behalf of the folks in the Florida Keys,” DeSantis said. Photos by Kristen Livengood.
You know that the prospect of a cashless society is a debacle for Americans. Back in March, I wrote to you about Governor Ron DeSantis’s proposal to ban the use of central bank digital currencies (CBDCs) in Florida, and now the governor has signed the effort into law. Fox News reports:
The team for Florida Gov. Ron DeSantis on Saturday released a new video first obtained by FOX Business that follows the governor signing legislation to ban the use of a central bank digital currency, or CBDC, in the Sunshine State.
One day before the video’s release, DeSantis signed legislation prohibiting a federally adopted CBDC as money within Florida’s Uniform Commercial Code. The new law also implements protections against a central global currency by prohibiting any CBDC by a foreign reserve or sanctioned central bank and calls on other states to join in passing similar legislation.
The Federal Reserve defines CBDC as “a digital form of central bank money widely available to the general public,” meaning the central bank — the Federal Reserve in the case of the U.S. — would be liable for the money rather than a commercial bank.
Proponents argue a CBDC would offer greater convenience and efficiency while ensuring safety and liquidity. According to DeSantis and other critics, however, such a monetary system would give the federal government unprecedented power over consumers and businesses.
“Sometimes government will do things where they provide kind of a benevolent rationale for what they’re doing but it’s really nothing more than a wolf in sheep’s clothing. Well, I think with central bank digital currency, this is a wolf coming as a wolf,” DeSantis said at a press conference Friday before signing the bill. “This is something that will be a massive transfer of power from individual consumers to a central authority. And that’s just fundamentally antithetical to a free society.”
DeSantis, who’s previously claimed the Biden administration is seeking “surveillance and control” through a CBDC, argued the ban is important to protect consumers against government oversight of individual purchases and prevent potential restrictions on purchases.
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