Florida Governor Ron DeSantis seeks to ban US CBDC in state

Part of Biden’s Executive Order encouraged the Financial Stability Oversight Council “to identify and mitigate economy-wide (i.e., systemic) financial risks posed by digital assets and to develop appropriate policy recommendations to address any regulatory gaps.”

Critics point to gaps in CBDC plan

However, critics of Biden’s plan — like Gov. De Santis — argue that it plays into a wider Conservative agenda within the Republican party that argues any federally sanctioned CBDC.