Florida Governor Ron DeSantis Leads Efforts to Ban CBDCs and Digital Currency.

Florida Governor Ron DeSantis has proposed legislation to ban central bank digital currencies (CBDCs) in the state, citing concerns over government overreach and financial surveillance. The legislation would prohibit any CBDC introduced by the US Federal Reserve or foreign governments from being used as a form of money in Florida. DeSantis called on other states to enact similar legislation and criticized President Biden's crypto executive order, which included exploring a US CBDC. Critics of CBDCs fear they could lead to an expansion of government control and financial surveillance.