After the governor of Florida signed the law banning the digital dollar, other American states Louisiana, Alabama and North Dakota decided to “follow in its footsteps.
Last week, Florida Governor Ron DeSantis signed into law a bill banning the U.S. Federal Reserve’s (Fed) digital currency from being used in the state.
Although the Fed is not giving details about the launch of the digital dollar, many politicians fear it will disrupt citizens’ financial freedom.
North Dakota lawmakers followed DeSantis’ lead and introduced a similar bill opposing the introduction of the digital dollar.
They argue that by launching CBDC, the federal government will be able to “control people’s lives, liberty, choice, and financial sovereignty.”
Members of the Louisiana state legislature also fear the digital dollar would violate the privacy of individuals and businesses in Louisiana, so they urged the U.S. Congress not to support the Fed’s digital currency legislation.
Alabama lawmakers have also introduced a bill that would prohibit any state agency or local entity from accepting digital dollars as payment.
A few days ago, authorities in Texas also spoke out against the digital dollar by introducing a bill to that effect.
Last year, Federal Reserve Chairman Jerome Powell said that the digital dollar could only be released under laws allowing that launch.
In addition, U.S. presidential candidate Robert Kennedy Jr. recently questioned the ability of the digital dollar to improve payments, unlike bitcoin, in which he sees great potential.