US Presidential Party Opposes CBDC Plans, Warns Of BTC Seizure And Ban

A candidate for US President is against the Federal Reserve’s plan to make a central bank digital currency (CBDC), saying that it could lead to the government seizing Bitcoin in the long run (BTC).

Robert F. Kennedy, who just recently said he will run for president as a Democrat in 2024, says in a long message that the government’s plans for a CDBC “grease the slippery slope to financial slavery and political tyranny.”

Kennedy says that the lack of anonymity that comes with CBDCs is a major risk that would let the government get more power and get into people’s lives.

“While cash transactions are anonymous, a CBDC will allow the government to surveil all our private financial affairs. The central bank will have the power to enforce dollar limits on our transactions restricting where you can send money, where you can spend it, and when money expires.

A CBDC tied to digital ID and social credit score will allow the government to freeze your assets or limit your spending to approved vendors if you fail to comply with arbitrary diktats, i.e. vaccine mandates.”

Kennedy goes on to say that a CDBC would make it easier for the government to ban and seize BTC in the future, just like they did with gold in the 1930s.

“The Fed will initially limit its CBDC to interbank transactions but we should not be blind to the obvious danger that this is the first step in banning and seizing bitcoin as the Treasury did with gold 90 years ago today in 1933.”

The candidate for president also says that he thinks governments all over the world will use scare tactics to bring about the age of global CBDCs.

“Watch as governments, which never let a good crisis go to waste, use Covid-19 and the banking crisis to usher in a new wave of CBDCs as a safe haven from germ-laden paper currencies or as protection against bank runs.”

FedNow, the Federal Reserve’s CDBC service, is currently set to come out in July.