Trump reaffirms executive order blocking U.S. government from creating a central bank digital currency (CBDC).
The order prevents federal agencies from developing or issuing a digital dollar. Trump and supporters argue a CBDC would grant Washington excessive control over personal spending, including potential restrictions on purchases.
Critics of CBDCs warn of surveillance risks and programmable money features that could limit financial autonomy. Proponents say digital currencies could modernize payments and counter China's digital yuan.
The move aligns Trump with crypto advocates and libertarian-leaning Republicans skeptical of centralized financial systems.
The order prevents federal agencies from developing or issuing a digital dollar. Trump and supporters argue a CBDC would grant Washington excessive control over personal spending, including potential restrictions on purchases.
Critics of CBDCs warn of surveillance risks and programmable money features that could limit financial autonomy. Proponents say digital currencies could modernize payments and counter China's digital yuan.
The move aligns Trump with crypto advocates and libertarian-leaning Republicans skeptical of centralized financial systems.