"Florida Governor DeSantis Takes Action Against CBDCs with Proposed Ban"

Florida Governor Ron DeSantis has proposed a law that would ban the use of a national central bank digital currency (CBDC) as money within the state, as well as any CBDC issued by an overseas central bank. DeSantis cited concerns over privacy and the potential negative impact on community banks and credit unions. He called on other states to adopt similar legislation to protect consumers and businesses from the adoption of a "centralized digital dollar" that could promote government-sanctioned surveillance and stifle innovation.