United States Representative Warren Davidson revealed his source of opposition to Central Bank Digital Currencies (CBDCs) through a tweet on July 23 promising Congress to implement a ban followed by necessary steps to criminalize its development. Alleging that Federal Reserve is “building the financial equivalent of the Death Star”, he endorsed the notion that it mushrooms corruption and co-opts it as a power tool. The wake-up call fished out resolute positions from presidential candidate Ron DeSantis and other Libertarian High priestess like Tom Emer touching hard on the privacy and surveillance issues. To cite Emer precisely, a programmers’ CBDC gives authorities an easily tradable license to oppressive stifling of unwanted activities politically, outnumbering the original objective. The SEC chairman Gary Gensler is fortunate to remain the last word on the regulation gig.
