Trump will not allow the release of a digital dollar

The Republican presidential candidate, speaking to voters in New Hampshire, pledged to protect Americans from what he called “government tyranny.”

Donald Trump said the move to a digital dollar was a threat to the banking sector and could lead to greater government control over people’s financial transactions. Trump vowed to oppose “any attempt by the Federal Reserve to issue a digital version of the U.S. dollar.”

Conservative pundits are critical of Donald Trump’s statements. Bloomberg columnist Jonathan Levin believes that the Republican candidate’s threat to the independence of the US Federal Reserve is one of the worst economic proposals ever put forward by a presidential candidate.

“Donald Trump appears to be dead serious about his plan to give presidents a say in monetary policy. It would undermine decades of Fed independence, unsettle markets and cripple the nation’s ability to control inflation over the long term,” stated Levin.

Previously, former President and current presidential candidate Trump released a financial assets report, which reported owning cryptocurrencies worth between $1 million and $5 million.

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Source: Cryptocurrency

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