Governor Ron DeSantis Announces Legislation to Protect Floridians from a Federally Controlled Central Bank Digital Currency and Surveillance State
The legislative proposal protects consumers and businesses from a federally controlled CBDC by:
Expressly prohibiting the use of a federally adopted Central Bank Digital Currency as money within Florida’s Uniform Commercial Code (UCC).
Instituting protections against a central global currency by prohibiting any CBDC issued by a foreign reserve or foreign sanctioned central bank.
“The Biden administration’s efforts to inject a Centralized Bank Digital Currency is about surveillance and control,”said Governor Ron DeSantis. “Today’s announcement will protect Florida consumers and businesses from the reckless adoption of a ‘centralized digital dollar’ which will stifle innovation and promote government-sanctioned surveillance. Florida will not side with economic central planners; we will not adopt policies that threaten personal economic freedom and security.”
Politician Preparing For CBDC
In September 2022, Biden released "policy objectives" for a future digital currency. He also directed the federal government to study the issue further, and instructed the leadership of key government agencies, including the National Security Council and Treasury Department, to meet "regularly" with officials from the Federal Reserve to "discuss the working group’s progress and share updates ... on CDBC and other payments innovations."
Credit Suisse's Buyout Shows More Banking Failures To Come
FBBA Special Notice
Web3 Day At The Capitol May 2nd 2023
The Florida Blockchain Business Association will be hosting its Third Annual Blockchain Day at the Capitol on May 2nd, 2023 in Tallahassee. Stay tuned as more information will be presented in coming news letters. If you are interested in attending please click here and type "Blockchain Day At The Capitol" in the message. This event is limited.
Featured Podcast/Youtube
In this episode hosts JoshuaJake and Samuel Armes, along with guest Jeff Vandrew, the General Counsel for Unchained Capital, discuss the current state of banking and the potential for another economic depression.
Analytical Data
The Fed added $0.3 trillion ($300 billion) in assets to its portfolio last week.
Housing Bubble is popping in Canada.
In The Know
Desantis Is Seizing The Ultimate Political Issue With CBDC’s
Central Bank Digital Currencies (CBDCs) are a diabolic technology that threaten all of our freedoms, and stopping them should be a bipartisan issue that all members in both parties should be against
substack.com
Fed Preview: Powell Likely to Raise Rates by 25 Basis Points Against Crypto Market's Hope for Status Quo
Not raising rates now may make it more difficult later, some analysts say.
coindesk.com
Crypto Fear and Greed Index hits highest level since Bitcoin’s all-time high
The Crypto Fear and Greed Index hit a score of 66 on March 20, a number not seen since November 2021 when Bitcoin reached an all-time high of over $69,000.
cointelegraph.com
India’s Central Bank Seeking Privacy Legislation for Retail CBDC Users
The RBI is seeking a provision that would allow customers to delete transactions to maintain anonymity if they so choose to.
coindesk.com
Events
Click here for events & meetups inMarch 2023
Crypto News Heard Around the State
Tampa News
Dunedin credit union first in Florida to launch crypto services app
Achieva Credit Union will let members trade, buy and sell Bitcoin on their phones.
tampabay.com
Orlando News
Tech leading lady Randi Zuckerberg says now is time for women to pursue digital careers
Women+Tech Scholars program at DeVry University can help prepare women for those tech careers
clickorlando.com
Miami News
Cryptocurrency Exchange Suspends Trading of Suarez-Backed MiamiCoin
The suspension of MiamiCoin trading is a big blow to the "most bitcoin-friendly mayor on the planet," who claimed the city's crypto revenue could one day replace municipal taxes.
miaminewtimes.com
Miami Man Arrested for Allegedly Scamming People in Cryptocurrency Scheme
A Miami man accused of running a fraudulent cryptocurrency and stock investment scheme was arrested in Colorado.
nbcmiami.com
Jacksonville News
It's Election Day in Jacksonville.
Four years ago, Duval County Democrats did not run a candidate for Mayor. They aren’t making that mistake this time around, and the hopes are for a more competitive election than they saw in 2019.
The Mayor’s Office and the Property Appraiser’s office, both of which are open, are up on the First Election ballot. Also this year, most City Council seats are contested. Sheriff TK Waters and Supervisor of Elections candidate Jerry Holland have no competition, and voters will not be compelled to weigh in on those elections.
The mayoral race will be the most closely watched. Seven candidates are on the ballot, representing one of the most crowded fields in local history. Democrats Donna Deegan and Audrey Gibson and Republicans LeAnna Gutierrez Cumber , Daniel Davis , and Al Ferraro are the ones with the most name value. Polling suggests Deegan and Davis will advance to a May runoff, with neither coming close to majority support to close it out Tuesday.
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