Donald Trump Vows to Block Central Bank Digital Currency if Elected President
Former US President Donald Trump, a potential Republican candidate for the upcoming elections, has stated that he will never allow the creation of a Central Bank Digital Currency (CBDC) if elected. CBDCs are digital forms of currency issued and regulated by central banks, and have become a significant point of discussion in US politics. Despite previously disapproving of cryptocurrencies, documents released in 2023 revealed that Trump holds over $2.8 million in cryptocurrency, most likely in Ethereum. Trump also introduced a non-fungible token (NFT) project called Trump Digital Collectible Cards last year.
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