Florida Governor Ron DeSantis Introduces State Legislation Banning CBDCs

[libertybele]

Yet another good move by the governor.

Florida Governor Ron DeSantis Introduces State Legislation Banning CBDCs

Florida Governor Ron DeSantis proposed legislation on Monday that would ban central bank digital currencies (CBDCs) from the Sunshine State, portraying it as a measure to safeguard Floridians’ financial privacy.

The legislation would prohibit in Florida any CBDC that the U.S. Federal Reserve could introduce and any created by a foreign government, outlawing the technology entirely from being used as a form of money within the state.........

https://www.yahoo.com/finance/news/florida-governor-ron-desantis-introduces-203003528.html

[Kamaji]

Not sure if a state has that authority when it comes to a currency issued by the U.S. federal government.

[Free Vulcan]

Not sure if a state has that authority when it comes to a currency issued by the U.S. federal government.

I would like to see how the courts would rule on that, or maybe not, but at least get things defined.

[libertybele]

I would like to see how the courts would rule on that, or maybe not, but at least get things defined.

Not just the Feds but created by a foreign government.

[roamer_1]

Digital currency is a bane - If only in its ability to get rid of cash... and every transaction tracked and taxed. For that alone, not to mention it being a step further in the hole from worthless fiat currency... based on nothing at all...

[Smokin Joe]

Not sure if a state has that authority when it comes to a currency issued by the U.S. federal government.

Why not? Some businesses refuse cash, even though it says "This note is legal tender..."

[Kamaji]

Why not? Some businesses refuse cash, even though it says "This note is legal tender..."

Because it is a state decision, not a private business decision.  The state’s decision interferes in private decisions.  It could be easily subject to a dormant commerce clause objection.