DeSantis targets Federal Reserve and questions US control over purchases.

1 min read
Source: Tampa Bay Times
DeSantis targets Federal Reserve and questions US control over purchases.
Photo: Tampa Bay Times
TL;DR Summary

Florida Governor Ron DeSantis has claimed that the US government wants to track Americans' purchases and block transactions of which it disapproves through a central bank digital currency. However, experts have dismissed the notion, stating that current US laws would not permit the kind of monetary surveillance and control that DeSantis described. The Federal Reserve is studying the possibility of creating a digital currency, but it is not close to fruition and may never happen. Even if it were technically feasible, it would be unlikely to emerge in the United States due to technical, legal, and political reasons.

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