DeSantis strikes first against CBDC.
. Were a U.S. CBDC to be issued, it would be “a massive transfer of power from consumers to a central authority.”“I think they want to crowd out and eliminate other types of digital assets like cryptocurrency because they can’t control that so they don’t like that.”introduced changes to the state’s currency commercial code.
“We looked at that and said […] We are not going to add central bank digital currency to our commercial code, but we also said […] We need to add protections for Floridians against this, and so we’ll put in the Uniform Commercial Code that CBDC is something we don’t recognize.” The Uniform Law Commission has taken pains to dispel the idea that it is encouraging the adoption of CBDC, even recentlyNorth Carolina House passes bill banning CBDC payments to the state“This bill stipulates that transactions involving CBDCs won't be afforded the usual UCC protections, potentially dissuading entities or individuals from engaging in such transactions with CBDCs.”
He added, “The UCC can establish obligations and alter third-party rights, even without their direct contractual involvement. Florida has the authority to alter this definition.”
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