- RFK Jr. opposes CBDCs, fearing increased government power over dissenters.
- Senator Cruz shares concerns, warns of CBDCs’ potential for financial surveillance.
- Kennedy Jr. supports Bitcoin, highlighting its role in global people’s movements.
In a recent tweet, Robert F. Kennedy Jr. expressed his opposition to Central Bank Digital Currencies (CBDCs), citing concerns over the potential for government overreach and their capacity to suppress dissent. He argued that Bitcoin, in contrast, allows users to engage in transactions without government interference and has proven crucial to people’s movements worldwide, particularly in countries like Burma.
CryptoNewsLand previously reported on the potential surveillance risks of CBDCs. Senator Ted Cruz similarly voiced concerns on March 21, suggesting that a retail CBDC could be exploited as a financial surveillance tool by the federal government. He stressed the importance of digital currency policies that protect financial privacy, uphold the dollar’s dominance, and foster innovation.
Kennedy Jr.’s and Cruz’s shared apprehension over CBDCs highlights the potential threat these currencies could pose to financial privacy and civil liberties. Bitcoin, according to Kennedy Jr., represents a critical tool in the fight against oppressive financial intermediaries and outdated banking practices that can stifle citizens’ freedom.
The debate around CBDCs and their potential impact on privacy and autonomy is sure to intensify as countries continue to develop their own digital currencies. Advocates like Kennedy Jr. and Cruz emphasize the need for vigilance to ensure that these new forms of currency do not compromise individual freedoms or hinder the progress of people’s movements around the globe.
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