Two presidential candidates in American politics have made it clear that they oppose the adoption of digital currency issued by central banks (CBDCs). Former President Donald Trump and Robert F. Kennedy Jr. are against the US adopting this digital money.
In the process of considering a presidential run, Robert F. Kennedy Jr. is adamantly opposed to CBDCs. “As president, I will end the efforts to move toward a CBDC,” he said, underscoring his commitment to financial democracy in the digital age. These words were spoken during a conversation about the future of financial freedom with Dr. Joseph Mercola.
Kennedy Jr. is thinking about entering as an independent to guarantee his spot on ballots across the country. Additionally, he indicated on a CNN broadcast sponsored by Michael Smerconish that he would be open to accepting a Libertarian nomination. Kennedy Jr. said, “We have a great relationship with the Libertarian Party,” referring to his close connections with the party.
Although Kennedy Jr. is not a candidate for vice president in the Trump campaign, senior adviser Chris LaCivita has made it clear that both candidates for president disagree with CBDCs.
Kennedy Jr. pledged to safeguard digital currencies such as Bitcoin, guaranteeing that people can keep private wallets and conduct safe transactions. “While cash transactions are anonymous, a CBDC will allow the government to surveil all our private financial affairs,” he said, voicing concerns about CBDCs potentially acting as tools for government surveillance and control.
These statements from two well-known presidential contenders capture the current discussion about CBDCs and how they can affect financial privacy and autonomy in the US.