Florida Governor Ron DeSantis proposes banning a digital currency from the Fed, arguing it will stifle innovation and promote surveillance

• Florida Governor Ron DeSantis proposed legislation banning digital currency from the US central bank.
• The Fed has been looking into the creation of a digital dollar at the direction of President Biden.
• DeSantis said a Fed-issued digital coin would promote surveillance and stifle innovation.

Florida Governor Ron DeSantis is not on board with the potential launch of a central bank digital currency by the Federal Reserve.