The Republican Party’s presidential candidate, while addressing voters in the state of New Hampshire, said he would shield Americans from what he termed “government tyranny”. Donald Trump cautioned that a digital dollar would seriously endanger the banking sector and might give the government greater control over all US citizens’ financial transactions. Trump promised to oppose “any attempt by the Federal Reserve to issue a digital version of the U.S. dollar.”
Right-wing experts denounce Donald Trump’s statements. Columnist Jonathan Levin of Bloomberg strongly believes that a threat exists to the U.S. Federal Reserve independence voiced by the Republican candidate’s mouth, which is among the worst economic proposals that any presidential candidate has put forward.
“Donald Trump is quite serious about his plan to give presidents a say in monetary policy. It would torpedo decades of Fed independence, knock markets out of whack, and cripple the country’s ability to control inflation over the long term,” Levin said.
Earlier, former President and current presidential candidate Trump released a financial disclosure statement that reported he owned between $1 million and $5 million in cryptocurrencies.