“The banks were going to abuse this to freeze your money,” says DC Draino supporting the ban.
Europe has responded to the United States advancing in its support for CBDC.
The prohibition of the development of a Central Bank (CBDC) currency in the United States, made by President Donald Trump in his first week of mandate, has been widely applauded. This not only within the Bitcoin community (BTC), but also from different sectors globally.
“Great day for freedom,” said American political commentator Rogan O’Handley, known as DC Draino, on Thursday when the prohibition occurred. “The great banks were going to abuse this as a form of social credit where they could freeze your money for bad ideas,” He addedreflecting its Concern for the potential use of CBDC as control tools.
Omar Ramos Bets, Spanish cryptocurrency analyst and investor, said this great news has almost unnoticed, given the other measures that occurred on the same day. The prohibition of CBDC was part of a series of executive orders on digital assets established by Trumpsuch as evaluating the creation of a Bitcoin National Reserve.
“CBDC are digital fiat coins that carry a huge danger to the individual freedom of citizens,” he said. Through these, he distinguished that assets can be freezed arbitrarily, impose spending limits and demand political requirements to access the financial system.
Ramos Bets emphasizes, in summary, that “the Trump administration has taken a great step in the right to financial freedom of citizens prohibiting the development of the absolute control tool.”
“This is truly excellent news: the risk that a CBDC can become a social credit instrument with which to freeze the money of those who do, say or think things that do not please the system is very high,” exclaimedon the other hand, the Italian journalist former news presenter on television, Martina Pastorelli.
From Spain, the educational center on cryptoactive called Crypto Profe also showed its support for the prohibition of a CBDC of the dollar. “You already know that these are currencies controlled by the State that remove privacy and rights to the population,” declared. Therefore, he recalled that, in his opinion, CBDC are negative for cryptocurrencies.
While Trump prohibits a CBDC, Europe advances in its creation
Russian political commentator, Camille Moscow, catalog This Trump measure as a firm blow to the world. “He fulfills his promise and says ‘no’ to the digital currencies of the central banks.” “The CBDC is over, that elite dreamed tool to monitor and control each transaction,” he added.
“With a simple executive order, it ends its ambitions and protects the financial freedom of the Americans,” said the Russian specialist. He contrasted that, “while Europe advances towards the digital euro and a dystopian future, Trump chooses sovereignty and privacy.”
Amid the enthusiasm for prohibition in the United States, A member of the European Central Bank Board (ECB), Piero Cipollone, externalized his support for the formation of a CBDC.
He affirmed on Friday that Trump’s order, to promote stablcoins to strengthen the dollar, can cause customers to leave the banks, strengthen a potential case of use for the European CBDC. “Therefore, we need a digital euro,” said the director of the European Central Bank.
The Cipollone statement refers to the formation of a European CBDC, which is currently in an advanced phase of research and preparation, as cryptootics reported.
On the other hand, the creator of American content about Bitcoin, Walker America, He emphasized in what The ban leaves the defenders of the company Ripple and, its cryptocurrency, XRP. Such a company offers infrastructure for CBDC, which generates a stir in the bitcoiner community that values self -ustody.
Bitcoin, unlike Fíat money, is a digital currency issued in a decentralized way and is free to censorship since its users can self -carry its holdings in their own wallets. In addition, its mining descends in half every four years through the halving, something that will happen until 2140 when its available supply is finished.
Due to Bitcoin’s limited offer, its price is pressed up to the demand attracted to its unique attributes. That is why it is called “digital gold.” On the other hand, the issuance of money Fíat is tied to the decision of the government on duty and is unlimited, which facilitates its devaluation.
The prohibition of CBDC in the United States comes at a time when Bitcoin is in a marked upward trendpromoted in part by the expectations of the Trump government. Its price reached a new historical maximum of USD 109,300 last Monday when it assumed the presidency.