President Donald Trump has committed to his pledge to ban the formation of a Central Bank Digital Currency (CBDC) in America.
Trump blasted CBDCs during his speech at the Bitcoin 2024 conference in Nashville, Tennessee on Saturday.
He made his stance on CBDCs crystal clear, provoking roaring cheers of support from the massive audience.
“There will never be a CBDC while I am president,” Trump declared as he brought the house down.
This statement echoes his previous comments on the matter, where he has consistently expressed strong opposition to the idea of a CBDC.
Trump warns that such a currency would give the government too much control over people’s money.
As such, it could potentially lead to financial tyranny.
Trump’s views on CBDCs seem to be part of a broader narrative that he’s building around protecting individual freedoms and liberties.
It’s a message that resonates with many in the cryptocurrency community.
Most advocates of decentralized cryptocurrencies like Bitcoin see digital currencies as a way to decentralize power and reduce government control.
Trump has previously called CBDCs a “dangerous threat to freedom.”
Trump’s firm stance underscores the escalating discussions surrounding CBDCs, a significant matter among global governmental bodies.
As Slay News has reported, CBDCs are being heavily pushed by globalist entities such as the World Economic Forum (WEF), United Nations (UN), International Monetary Fund (IMF) and the World Bank.
To date, only a few countries have officially adopted such digital currencies.
However, the digital currency landscape continues to evolve.
China is advancing the implementation of its digital yuan, India is pushing toward a digital rupee, and the European Central Bank initiating a preparatory phase for a potential digital euro.
Elsewhere during his speech in Nashville, Trump outlined his plan for U.S. Bitcoin adoption via a strategic crypto reserve and an advisory council.
“I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world,” Trump pledged.
“If Bitcoin is going to the Moon — as we say— I want America to be the nation that leads the way.”
WATCH:
TRUMP “I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the World.. if Bitcoin is going to the Moon — as we say— I want America to be the nation that leads the way” pic.twitter.com/4YK2RHxroM
— ALX 🇺🇸 (@alx) July 27, 2024
Trump also vowed to fire Democrat President Joe Biden’s Securities and Exchange Commission (SEC) Chairman Gary Gensler “on Day One” of his presidency.
The comment provoked a wild reaction from the crown that even appeared to take Trump by surprise.
“On day one, I will fire Gary Gensler and appoint a new SEC chairman,” Trump said as the audience erupted.
“I didn’t know he was that unpopular,” Trump added.
“Let me say it again.
“On day one, I will fire Gary Gensler.”
WATCH:
JUST IN: Crowd goes absolutely nuts after Donald Trump vows to fire SEC Chairman Gary Gensler during the Bitcoin Conference in Nashville, Tennessee.
— Collin Rugg (@CollinRugg) July 27, 2024
Trump was clearly taken aback at the crowd's reaction when he made the announcement.
"On day one, I will fire Gary Gensler and… pic.twitter.com/0CyOMaY6FY
