- House Representative Anna Paulina Luna and crypto lawyer John Deaton revealed how Senator Elizabeth Warren strongly supported the implementation of a CBDC.
A US House Representative and a crypto lawyer revealed that Senator Elizabeth Warren of Massachusetts was the reason the Central Bank Digital Currency (CBDC) ban in the 21st Century ROAD to Housing Act was limited to the end of 2030.
Senator Elizabeth Warren’s Pro-CBDC Stance
According to Representative Anna Paulina Luna, a Republican from Florida, Warren refused to ban CBDC permanently. The representative of Florida’s 13th congressional district warned that allowing a central bank-issued digital US dollar would increase the government’s control over every aspect of one’s life.
Luna considered a CBDC a “massively terrifying” payoff. The lawmaker then vowed to “kill” it anyway due to the Senate’s inaction on the SAVE America Act.
ADVERTISEMENTMeanwhile, crypto lawyer John Deaton, who is launching his second bid to challenge Warren’s post in the mid-term elections, confirmed that his opponent was indeed an avid supporter of a Federal Reserve-issued CBDC. He claimed the reason why he ran against her in 2024 was to protect Americans from the “biggest threat to freedom” in his lifetime.
Additionally, Deaton stated that Warren’s strong advocacy for a CBDC led to her efforts to ban self-custody on Bitcoin (BTC) and other crypto assets. He also recounted that the senator told Chuck Todd, host of a weekly interview show on Noosphere, that the Fed was ready for the digital dollar.
The Public’s Response
Many people expressed their dismay over Luna’s revelation. They agreed that a CBDC indeed threatens one’s financial freedom.
ADVERTISEMENTAdditionally, commenters pointed out that Warren blocking the CBDC ban while ignoring the SAVE America Act only shows that she is not looking out for the USA’s best interests. For them, it’s an indication that she supports the government exercising its power to ensure each individual’s privacy.
On the other hand, some called out Luna’s apparent hypocrisy. They told her that, as she’s fearmongering about CBDCs, one must not forget that she allowed the now-defunct Department of Government Efficiency (DOGE), formerly led by billionaire entrepreneur Elon Musk, to access millions of Americans’ private data, including Social Security, health, and wage information.
Furthermore, several individuals opined that a CBDC will happen either way, and the current administration is only delaying the inevitable. They believe the government is too power hungry to give up its power to the people.
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