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International Business Times
International Business Times
Business
Nica Osorio

Trump Vows to Shield US from CBDCs: A Stand To 'Protect Americans From Government Tyranny'

KEY POINTS

  • Federal Reserve Governor Michelle Bowman, in October, expressed reservations about the necessity and benefits of a U.S. CBDC
  • Trump promised to "never allow" the creation of CBDC
  • The audience expressed their agreement through applause following Trump's speech

Former President Donald Trump, currently seeking the Republican presidential nomination, on Wednesday, opposed the idea of United States adopting a Central Bank Digital Currency (CBDC), pledging that he would "never allow" the digital form of a country's fiat currency regulated by the country's central bank.

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