Donald Trump opposes the development of the CBDC / Massmedia / Vladimir Okhotnikov

Donald Trump opposes the development of the CBDC

30 October 2024

One of the most controversial topics in crypto business is CBDC (Central Bank Digital Currency).
In fact, the CBDC cannot be considered a "classical" decentralized cryptocurrency. States and central banks have no interest in losing control of the national currency, and it would be naive to expect an appearance of an independent "state" blockchain.

The goal of CBDC is total control of every coin, every transaction. And this does not attract sympathy from the crypto community and many politicians.

In fact, the US CBDC’s fate will be decided next week. Donald Trump opposes the development of the CBDC, justifiably considering it as an interference with privacy. His rivals, on the other hand, are unlikely to object to the new instrument.

So we’re approaching the point of bifurcation - whether or not US CBDC will be developing.
This is one of the outcomes of the US presidential election.