Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate

In the aftermath of Florida Governor Ron DeSantis’ remarks successful Jacksonville connected Tuesday, some the Florida House of Representatives and Senate person approved the state’s anti-central slope integer currency (CBDC) legislation, dubbed SB 7054. The measure explicitly states that should the U.S. cardinal bank, a national agency, oregon a overseas authorities contented a CBDC, its usage arsenic a “digital mean of exchange” volition beryllium strictly forbidden successful Florida.

Florida Aims to Protect Privacy with Ban connected Central Bank Digital Currencies

On Wednesday, the Florida House of Representatives endorsed the anti-CBDC measure SB 7054 with an overwhelming 116-1 vote. This backing comes connected the heels of the Florida Senate’s support past week, which saw a 34-5 majority. Governor DeSantis has been vocal successful his disapproval of CBDC initiatives and asserting Florida’s refusal to judge “woke politics.” Unsurprisingly, helium is anxious to motion the bill, having initially requested its drafting successful March.

Upon DeSantis’ signature, SB 7054 provisions volition travel into effect connected July 1, 2023. The measure offers a broad explanation of CBDCs and outlines its superior objective: “to safeguard Floridians by banning cardinal slope integer currencies.” The writer of the authorities confirms that these regulations would person nary bearing connected authorities and section gross oregon immoderate indeterminate interaction connected Florida’s backstage sector.

Florida’s Chief Financial Officer Jimmy Patronis has championed the measure and maintained that the Biden administration’s priorities volition not find fertile crushed successful the Sunshine State. He argued connected Wednesday that “The past happening our state needs is simply a federally controlled centralized slope integer currency (CBDC) weaponized by the Biden administration,” adding that it would simply alteration unwarranted authorities surveillance of Floridians’ fiscal data. He emphatically declared:

Florida won’t fto it stand.

Interestingly, respective Democratic lawmakers successful Florida besides supported the anti-CBDC legislation. While absorption to CBDCs has been chiefly associated with Republicans, U.S. statesmanlike campaigner Robert Kennedy Jr. has cautioned against the imaginable for governmental suppression via CBDCs. “CBDCs grease the slippery slope to fiscal slavery and governmental tyranny,” Kennedy proclaimed conscionable past month. Florida’s Republican typical Wyman Duggan expressed pridefulness successful witnessing the bill’s transition and its consequent accomplishment astatine Governor DeSantis’ desk.

Duggan emphasized, “With this bill, we are looking to support the privateness of Floridians, and I americium truthful arrogant that we person seen enactment from enactment successful our State that intelligibly cares astir the wellbeing of our citizens.”

What are your thoughts connected Florida’s anti-CBDC legislation? Do you judge different states volition travel suit, oregon is this a unsocial stance taken by Florida? Share your opinions successful the comments conception below.

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