At present, CBDCs are common talking points among U.S. citizens, with rappers, comedians, and presidential candidates airing opinions concerning them. A podcaster and commentator, Joe Rogan, criticized having a U.S. CBDC. According to Rogan, the digital dollar is a ‘game over’ situation for the nation’s natives.
The Joe Rogan Experience is a vastly watched podcast, and via an August 8 episode, Post Malone and Rogan focused on topics concerning the financial system of the United States. They paused to focus on the likely abuses of power associated with central bank digital currencies in the country.
Rogan Decries Rushing CBDC Initiative in the US
Each episode of Joe Rogan’s episodes accrues more than 11 million listeners. In the meantime, Post Malone’s total followers on both Instagram and X is 31 million. This comes as talks concerning central bank digital currencies have featured in the United States campaigns.
Rogan did not hesitate when questioned about his perspectives on a CBDC. He claimed that it was game over for United States citizens. Further, he explained a situation in which an oppressive government could link a CBDC’s flow to an individual’s credit score. In this case, citizens who break the regulations could be cut off from their finances.
Rogan stated that if it is decided that one requires some credit score system and it is for the benefit of society, they can easily be tracked by the government. It will be deduced that one messed up, thus the need to apply the existing rules.
Malone Concerned with Deposit Coverage by FDIC
Malone also expressed his views regarding the United State’s banking system, claiming that only bank account values up to $250000 are covered by the Federal Deposit Insurance Corporation (FDIC) insurance.
The two also debated the Canadian government’s contentious decision in February last year to freeze bank accounts linked to the ‘Freedom Convoy’ truckers. According to Malone, the United States government possesses extreme control over people’s finances, and the likelihood of immediately cutting off funding to anyone is high. This view mirrors the opinions of passionate decentralized cryptocurrency supporters.
Integrating CBDC Dominate Political Agenda in Forthcoming Elections
In the meantime, talks concerning central bank digital currencies are a major point of discussion in the nation’s politics.
In July, Governor Ron DeSantis, Florida’s governor and Republican presidential candidate, claimed that he would prohibit CBDCs in the nation if elected president.
In addition, Robert F. Kennedy Jr., a Democratic candidate, slammed the fiat currency by claiming they were a tool of ‘control.’ Once elected, he promised to support the United States dollar with hard assets, including Bitcoin.
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