DeSantis Takes Strong Stance on Financial Privacy and Digital Currency

Governor Ron DeSantis signed legislation to ban the use of a federally adopted Central Bank Digital Currency (CBDC) as money within Florida's Uniform Commercial Code (UCC). The legislation also prohibits any CBDC issued by a foreign reserve or foreign sanctioned central bank and calls on other states to adopt similar prohibitions within their respective Commercial Codes. The move is aimed at protecting consumers and businesses from the Biden administration's weaponization of the financial sector through a CBDC.