In the 2020 US Presidential election, Republican candidate Ron DeSantis has made his opposition to central bank digital currencies (CBDCs) a major part of his campaign. CBDCs are digital versions of traditional currencies issued by central banks, and they have been gaining traction in recent years as a potential way to modernize the global financial system.

DeSantis has argued that CBDCs could be used to undermine the US dollar and its status as the world’s reserve currency. He has also expressed concern that CBDCs could be used to track citizens’ financial activities and potentially infringe on their privacy. He has proposed that the US should instead focus on modernizing its existing payment infrastructure, such as introducing real-time payments and improving access to banking services.

DeSantis’ opposition to CBDCs is in line with the views of many other Republicans, who have expressed similar concerns about the potential risks of CBDCs. However, some economists have argued that CBDCs could be beneficial for the US economy, as they could help reduce costs associated with traditional payment systems and make it easier for people to access financial services.

It remains to be seen whether DeSantis’ opposition to CBDCs will have any impact on the US government’s stance on this issue. However, it is clear that his views on CBDCs will be an important part of the debate in the 2020 election.