A former President of the United States and a current presidential candidate, Donald Trump, has once again mentioned the topic of central bank digital currencies (CBDCs), “giving full credit” to Vivek Ramaswamy, who has dropped out of the Republican presidential primaries a week ago.
During the rally in Laconia, New Hampshire, on Jan. 22, Trump told the audience that Ramaswamy, the only presidential candidate with a crypto framework in his program, asked him to raise once again the question of tackling the potential CBDC in the U.S. After a brief confession that he didn’t like Ramaswamy until he defeated him, Trump repeated his recent claim that he would never allow the CBDC.
The first time Trump mentioned the CBDC was during a campaign speech in Portsmouth, another city in New Hampshire, on Jan. 17. Back then, he said, “I will never allow the creation of a central bank digital currency,” explaining that such a currency would give a federal government “the absolute control” over citizens’ money.
While Trump wasn’t known for any nuanced stance on crypto, besides some negative comments about Bitcoin during his presidency, it was Vivek Ramaswamy and the Florida governor Ron DeSantis who took up the subject to the presidential campaigns.
Trump saying he will never allow a CBDC and crediting @VivekGRamaswamy.
— Peter McCormack ☠️ (@PeterMcCormack) January 23, 2024
Both ex-candidates have now suspended their campaigns. Ramaswamy has done so on Jan. 16, endorsing Trump. DeSantis officially ended his run a couple of days later, on Jan. 21, after losing a massive 21 points to Trump during the Iowa primary election. DeSantis has also confirmed his endorsement of Trump, who has repeatedly mocked the politician in the recent months.
On Jan. 19, United States Representative Tom Emmer expressed his support for Trump’s promise to fight CBDC, claiming that he looks forward to working with Trump “against the expanding government surveillance state.” Emmer has spoken in favor of digital assets on many occasions and has a history of pushing back against the regulation by enforcement approach from the U.S. Securities and Exchange Commission and its Chair, Gary Gensler.