Trump Promises to ‘Never Allow’ Central Bank Digital Currency

The Republican frontrunner also pledges to restrict regulators from trying to de-bank citizens over politics.

Entrepreneur Vivek Ramaswamy endorses Republican presidential candidate, former U.S. President Donald Trump during a campaign rally at the Atkinson Country Club in Atkinson, N.H., on Jan. 16, 2024. Brandon Bell /Getty Images

Former President Donald Trump promised on Jan. 17 to “never allow” the Federal Reserve to create a central bank digital currency (CBDC), also known as a digital dollar.

During a campaign stop in New Hampshire and joined on stage by former Republican candidate Vivek Ramaswamy, President Trump vowed never to give the U.S. government “absolute control over your money,” calling it a “dangerous threat to freedom.”