Ron DeSantis proposed a bill to ban CBDCs. A trade policy professor calls that 'a little ludicrous'

(Credit: Rachel Mummey—The Washington Post/Getty Images)

Florida Gov. Ron DeSantis on Monday announced legislation to ban the use of central bank digital currencies, or CBDCs, in his state.

“The Biden administration’s efforts to inject a Centralized Bank Digital Currency is about surveillance and control,” he said in a statement, asserting that it “will stifle innovation and promote government-sanctioned surveillance.”