US Presidential Candidate Opposes Fed’s CBDC Plans

A US presidential candidate opposes the Federal Reserve’s proposal to establish a central bank digital currency (CBDC), arguing that it could eventually lead to the government seizing Bitcoin.

Robert F. Kennedy, who recently declared his candidature for the Democratic presidential nomination in 2024, writes in an extensive message that the government’s plans for a CDBC “grease the slippery slope to financial slavery and political tyranny.”

According to Kennedy, the lack of anonymity associated with CBDCs poses a severe threat that would enable the government to expand its authority and intrude on the lives of individuals.

“The central bank will have the authority to enforce dollar limits on our transactions, restricting where money can be sent, spent, and when it expires.

A CBDC linked to a digital ID and social credit score will enable the government to seize your assets or restrict your spending to approved vendors if you fail to comply with arbitrary directives, such as vaccine mandates.”

Kennedy continues by stating that a CDBC would ultimately pave the way for the state to begin prohibiting and confiscating BTC, just as they did in the 1930s with gold.

In addition, the presidential candidate believes that governments worldwide will employ alarmist strategies to herald in the era of global CBDCs.

Also Read: Tornado Cash Ban Motion Supported By Coinbase