Ron DeSantis Announces Withdrawal from U.S. Presidential Race, Opposes Central Bank Digital Currency (CBDC)

Explore the intriguing decision of Ron DeSantis to withdraw from the 2024 U.S.

Presidential election, his opposition to CBDC, and how Trump's stance aligns with his. Understand the critical implications of CBDC on privacy and economic freedom through insights from experts like Robert Kiyosaki.

DeSantis, Known for His Opposition to CBDC, Steps Back from the 2024 Presidential Election

Florida Governor Ron DeSantis, known for his opposition to the Central Bank Digital Currency (CBDC), announced on January 21, 2024, his withdrawal from the race for the Republican nomination in the U.S. presidential election.

Elected as the Governor of Florida in 2018 with full support from then-President Donald Trump, DeSantis had, in March of the previous year, introduced the "CBDC Prohibition Bill" aimed at protecting individual privacy.

He pointed out that CBDCs could threaten personal economic freedom and safety.

Initially declaring his candidacy for the 2024 presidential election as a Republican, DeSantis posted a video message on January 22 stating, "I cannot ask my supporters to devote their valuable time and resources when there is no clear path to victory. Therefore, I have decided to suspend my campaign."

He also expressed his support for Trump, saying, "It's clear that a majority of Republican voters want to give Trump another chance. He is superior to the incumbent President Biden."

Trump Also Firmly Opposes the Issuance of CBDC

With DeSantis stepping out, the Republican nomination race now seems to be between former President Donald Trump and former U.N. Ambassador Nikki Haley. Trump, like DeSantis, has expressed a firm opposition to CBDC.

On January 17, 2024, during a campaign speech in Portsmouth, New Hampshire, Trump declared, "I will never allow the issuance of Central Bank Digital Currencies," adding, "CBDC is a serious threat to freedom, and I will stop it from coming to America."

Trump warned that currencies like CBDC would give the federal government absolute control over citizens' money, saying, "They could take your money, and you might not even realize it's gone."

Concerns about the dangers of CBDC are widespread. Robert Kiyosaki, known for authoring "Rich Dad Poor Dad," has also pointed out that "the issuance of CBDC would make all financial transactions traceable and could lead to a loss of user privacy."