By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Canada summons Israel’s ambassador after diplomats fired at in West Bank – National
    Canada summons Israel’s ambassador after diplomats fired at in West Bank – National
    May 22, 2025
    Kim Kardashian dons a graduation cap and marches closer to becoming a lawyer
    Kim Kardashian dons a graduation cap and marches closer to becoming a lawyer
    May 22, 2025
    Josh Hawley blasts Allstate CEO for making M last year — while company can’t ‘afford’ to pay out claims
    Josh Hawley blasts Allstate CEO for making $26M last year — while company can’t ‘afford’ to pay out claims
    May 22, 2025
    US Army to change transgender soldiers’ records to birth sex
    US Army to change transgender soldiers’ records to birth sex
    May 21, 2025
    UK escalates action against Israel over Gaza offensive
    UK escalates action against Israel over Gaza offensive
    May 21, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    US Emerges As Bitcoin Superpower With 40% Ownership: Research
    US Emerges As Bitcoin Superpower With 40% Ownership: Research
    May 22, 2025
    Trump’s Memecoin Dinner Draws Crowded Cast of Democratic Protesters from Congress
    Trump’s Memecoin Dinner Draws Crowded Cast of Democratic Protesters from Congress
    May 22, 2025
    BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
    BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
    May 22, 2025
    Bitcoin price hit a new all-time high and data shows BTC bulls aren’t done yet
    Bitcoin price hit a new all-time high and data shows BTC bulls aren’t done yet
    May 22, 2025
    Bank lobby is ‘panicking’ about yield-bearing stablecoins — NYU professor
    Bank lobby is ‘panicking’ about yield-bearing stablecoins — NYU professor
    May 22, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: Donald Trump Talked Out Of CBDCs? Ex Candidate Explains
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Cryptocurrency > Donald Trump Talked Out Of CBDCs? Ex Candidate Explains
Donald Trump Talked Out Of CBDCs? Ex Candidate Explains
Cryptocurrency

Donald Trump Talked Out Of CBDCs? Ex Candidate Explains

Published January 27, 2024
Share
4 Min Read
SHARE

Contents
Vivek Ramaswamy Responsible For Donald Trump’s Stance?CBDCs Are “A Threat To Liberty”

Recently, entrepreneur Vivek Ramaswamy dropped out of the US presidential race to endorse Donald Trump’s candidature. In an interview, the former Republican candidate explained his influence on the former US President’s position against Central Bank Digital Currencies (CBDC) in the US.

Vivek Ramaswamy Responsible For Donald Trump’s Stance?

During an interview on Bloomberg Television, former Republican candidate Vivek Ramaswamy explained how he influenced Donald Trump’s stance on the possibility of creating a digital dollar.

As reported by Bitcoinist, Donald Trump stated his position on CBDCs during his speech in Portsmouth, New Hampshire, on January 17. If elected president, the Republican candidate promised to protect Americans from “government tyranny” by never allowing the creation of a central bank digital currency in the US.

In the interview, Ramaswamy explained that he spoke to Trump about his concerns about CBDCs a week before, at one of the previous rally dates. The entrepreneur complimented Trump, crediting him for “being intellectually open” and listening to his advice.

This advice led the former president to come out “strongly in favor of what I believe is the right answer, which is to oppose the creation of a central bank digital currency,” as the entrepreneur said.

This week, Trump reiterated his position about CBDCs and praised Ramaswamy by giving credit for teaching him about the “dangers” of a digital dollar issued by the Federal Reserve. “Vivek is great, he’s really great. He wanted this, and I’ll give him full credit for it,” Trump said in Laconia, New Hampshire.

CBDCs Are “A Threat To Liberty”

Ramaswamy believes that a CBDC “is a threat to Liberty in this country,” as he states in the interview, “because it creates a mechanism for the government to be able to wipe out your bank account or wipe out your dollars if you say or do something that the government disapproves.”

The entrepreneur’s belief can be spotted in Trump’s previous statements. The Former president said that a digital dollar “would be a dangerous threat to freedom” that would give a federal government “absolute control over your money. They could take your money, and you wouldn’t even know it was gone.”

Undoubtedly, a sense of security is an essential feature that draws people to Bitcoin and cryptocurrencies, as many fear that traditional assets and assets managed by states can be seized at any moment.

Privacy concerns are another issue that users bring forward when it comes to CBDCs, as many fear their data will be accessible to central banks and governments through digital currency platforms, as feedback shows in previous consultations from countries like England.

Lastly, Ramaswamy took the opportunity to discuss his view on the regulatory entities of the US once again, affirming that the SEC is among the US agencies that “have been guilty of a regulation by enforcement agenda.” He considers this agenda responsible for the regulatory decisions “based on who they enforce them against.”

Bitcoin is trading at $42,079.81 in the hourly chart. Source: BTCUSDT on TradingView.com

Chart from TradingView.com

#Donald #Trump #Talked #CBDCs #Candidate #Explains

- Advertisement -
TAGGED:candidateCBDCsDonaldExplainsTalkedTrump
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Timothée Chalamet Is Self-Conscious About His Sand Worm Riding in Dune 2 Timothée Chalamet Is Self-Conscious About His Sand Worm Riding in Dune 2
Next Article India openers surprise England with attacking intent Ben Duckett says India openers surprise England with attacking intent Ben Duckett says
- Advertisement -

Latest Post

US Emerges As Bitcoin Superpower With 40% Ownership: Research
US Emerges As Bitcoin Superpower With 40% Ownership: Research
Cryptocurrency
Canada summons Israel’s ambassador after diplomats fired at in West Bank – National
Canada summons Israel’s ambassador after diplomats fired at in West Bank – National
World News
Kim Kardashian dons a graduation cap and marches closer to becoming a lawyer
Kim Kardashian dons a graduation cap and marches closer to becoming a lawyer
World News
Trump’s Memecoin Dinner Draws Crowded Cast of Democratic Protesters from Congress
Trump’s Memecoin Dinner Draws Crowded Cast of Democratic Protesters from Congress
Cryptocurrency
BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
Cryptocurrency
Josh Hawley blasts Allstate CEO for making M last year — while company can’t ‘afford’ to pay out claims
Josh Hawley blasts Allstate CEO for making $26M last year — while company can’t ‘afford’ to pay out claims
World News
- Advertisement -

You Might Also Like

FTX Shorts Bitcoin As It Looks To Repay Billions To Customers
Cryptocurrency

FTX Shorts Bitcoin As It Looks To Repay Billions To Customers

January 29, 2024
Coinbase (COIN) Shares Jump 8% Post-Market on S&P 500 Inclusion
Cryptocurrency

Coinbase (COIN) Shares Jump 8% Post-Market on S&P 500 Inclusion

May 13, 2025
XRP traders predict new all-time highs as ETF approval odds rise to 85%
Cryptocurrency

XRP traders predict new all-time highs as ETF approval odds rise to 85%

May 1, 2025
‘Democracy has cost us our lives’: Fear grips Ecuador after candidate killed
Business

‘Democracy has cost us our lives’: Fear grips Ecuador after candidate killed

August 12, 2023

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?