Former Republican presidential candidate Vivek Ramaswamy says greenlighting a central bank digital currency (CBDC) in the US will have repercussions on the citizens’ financial freedom.
In a new interview with Bloomberg Television, Ramaswamy says the government may use the digital dollar to go after those who oppose them.
“A central bank digital currency, I believe, is a threat to liberty in this country 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 of as you see in places like China, as you see even happened to the Canadian truckers, the Freedom Convoy, losing access to their financial bank accounts.
I think a central bank digital currency takes us further in that direction.”
He also commends Republican frontrunner Donald Trump for his anti-CBDC stance. The former US president has said that he will never allow the creation of the digital dollar and credited Ramaswamy for this position.
Says Ramaswamy,
“I explained that to Donald Trump and I give him a lot of credit for being intellectually open. Getting to the bottom of it, he took advice from a couple of other people who he trusted around him.
A few nights later, I saw him mention that and again last night, when he and I were at that rally together, came out strongly in favor of what I believe is the right answer, which is to oppose the creation of a central bank digital currency.”
Ramaswamy is a crypto supporter who previously said that the US government refuses to fully embrace Bitcoin (BTC) because it sees the benchmark crypto asset as a threat to its existence. He dropped out of the presidential race on January 16th.
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