{"id":192563,"date":"2026-03-15T16:18:09","date_gmt":"2026-03-15T16:18:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/192563\/"},"modified":"2026-03-15T16:18:09","modified_gmt":"2026-03-15T16:18:09","slug":"how-floridas-stablecoin-bill-mirrors-big-brother-tools-outlawed-under-ron-desantis-cdbc-ban","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/192563\/","title":{"rendered":"How Florida’s Stablecoin Bill Mirrors ‘Big Brother’ Tools Outlawed Under Ron DeSantis’ CDBC Ban"},"content":{"rendered":"\n

Not long before Ron DeSantis began shaping<\/a> his bid for the 2024 Republican presidential nomination, the Florida governor described a dystopian future looming on the horizon.<\/p>\n

He warned that a central bank digital currency<\/a>, or CBDC, could enable the federal government to inject \u201cwoke politics\u201d into Americans\u2019 everyday lives\u2014whether that involved restricting gas purchases to combat climate change or monitoring individuals\u2019 firearm purchases. At the time, he described the Biden administration\u2019s efforts to research a CBDC as ominous.<\/p>\n

Nearly three years after the governor stood behind a podium that decried \u201cBig Brother\u2019s Digital Dollar,\u201d DeSantis appears poised to sign a bill that creates a regulatory framework for stablecoins within Florida, expanding the state\u2019s control over digital assets. The legislation, Bill 314, was passed<\/a> unanimously on March 6 by the Florida State Senate.<\/p>\n

By requiring companies that issue stablecoins in the Sunshine State to record transactions with a value greater than $10,000, the legislation parallels existing anti-money laundering rules. However, it may also complicate DeSantis\u2019 stance against potential government overreach.<\/p>\n

Since the governor has yet to see the bill in its final form, a spokesperson for DeSantis told Decrypt on Thursday that he\u2019s unable to comment on potential conflicts. To be clear, DeSantis hasn\u2019t indicated whether he\u2019ll sign the bill yet, which represents one of the earliest state-level efforts to establish rules that align with the federal GENIUS Act<\/a>.<\/p>\n

Nonetheless, it\u2019s becoming increasingly common for politicians to vocalize concerns toward CBDCs while supporting efforts involving piecemeal surveillance and control, according to Nicholas Anthony, a policy analyst at the Cato Institute, a libertarian think tank in Washington.<\/p>\n

\u201cIt\u2019s much harder to square in DeSantis\u2019 case,\u201d he told Decrypt. \u201cHe built a campaign on standing up to \u2018Big Brother\u2019 and the federal government, but he\u2019s kind of handing them the keys to the castle in this sense.\u201d<\/p>\n

While stablecoins are issued by private companies like Circle on public networks like Ethereum<\/a>, CBDCs are digital assets issued by governments to act as cash equivalents. Stablecoins in the U.S. are often anchored to the dollar through reserves of cash and U.S. Treasuries, while a CBDC would carry the \u201cfull faith and credit\u201d of the federal government.<\/p>\n

Bitcoin Hit a Major Milestone\u2014Most Miners Won’t Be Around for the Next One<\/a><\/p>\n

As DeSantis warned of CBDCs in 2023, he signed a bill banning a \u201ccentralized digital dollar\u201d in Florida. Just this past Thursday, the U.S. Senate passed<\/a> a housing bill that would ban the creation of a CBDC until 2030, if the bill is ultimately signed into law by President Donald Trump\u2014though it faces potential hurdles to get to that point.<\/p>\n

Story Continues <\/p>\n

Earlier this week, Florida State Senator Colleen Burton, who sponsored Bill 314, told Decrypt that lawmakers moved quickly to pass the legislation. She cited a July deadline, when states can apply to regulate certain stablecoins independently.<\/p>\n

\u201cObviously, we have to go to the federal government [and] work with them so that we have the ability to regulate stablecoins here,\u201d she said. \u201cOne of the things we did was draft this bill with that in mind every step of the way, and we\u2019re not looking to get our application rejected.\u201d<\/p>\n

Decrypt has reached out to Burton for further comment.<\/p>\n

Florida Gov. Ron DeSantis Eyes State Stablecoin Framework Following Senate Passage<\/a><\/p>\n

A green light would empower Florida\u2019s Office of Financial Regulation, or OFR, to become a primary regulator within state borders. That comes with the authority to revoke licenses under circumstances related to regulatory compliance, financial reporting, and criminal activity.<\/p>\n

In 2022, the OFR published a paper on regulatory issues surrounding crypto, describing the seizure of digital assets as difficult due to the self-custodial nature of most crypto wallets. However, companies like Circle have historically frozen stablecoins using a blacklist, while working with law enforcement to address bad actors.<\/p>\n

Decrypt has reached out to the OFR for comment.<\/p>\n

\u201cCBDCs create a lot of problems with financial surveillance and control, but they don\u2019t invent the problems out of thin air,\u201d Cato\u2019s Anthony said. \u201cIt\u2019s important to make sure [the public] knows that there are other avenues for it as well.\u201d<\/p>\n

When it comes to the GENIUS Act, former U.S. Representative Marjorie Taylor Greene (R-GA) alleged on X in December that the legislation contains a provision that would allow the government to introduce a CBDC through a back door.<\/p>\n

Senate Overwhelmingly Passes CBDC Ban Attached to Bipartisan Housing Bill<\/a><\/p>\n

\u201cI support crypto, but I will never support giving the government the ability to turn off your ability to have full control of your money and to buy and sell,\u201d she added.<\/p>\n

Although DeSantis has rallied against CBDCs alongside other conservative figures like Trump and Sen. Ted Cruz (R-TX), House Majority Whip Tom Emmer (R-MN) has been among the most outspoken critics. He reintroduced<\/a> a bill last year to outlaw CBDCs.<\/p>\n

On Thursday, Cruz expressed concern that the restrictions toward CBDCs included in the 21st Century ROAD to Housing Act were temporary, indicating his fight isn\u2019t over yet.<\/p>\n

\u201cIt only pauses the development until December 31, 2030,\u201d he said in a press release. \u201cMy Anti-CBDC Act takes the correct approach by permanently prohibiting the Federal Reserve from ever issuing a CBDC, directly or indirectly.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Not long before Ron DeSantis began shaping his bid for the 2024 Republican presidential nomination, the Florida governor…\n","protected":false},"author":2,"featured_media":192564,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[89706,8067,89707,28,3291,30,29,44434,27230,89708,412,13330],"class_list":["post-192563","post","type-post","status-publish","format-standard","has-post-thumbnail","category-florida","tag-central-bank-digital-currency","tag-digital-assets","tag-digital-dollar","tag-florida","tag-florida-governor","tag-florida-headlines","tag-florida-news","tag-florida-state-senate","tag-nicholas-anthony","tag-regulatory-framework","tag-ron-desantis","tag-the-federal-government"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/192563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=192563"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/192563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/192564"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=192563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=192563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=192563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}