President Trump issued an executive order banning a Central Bank Digital Currency (CBDC) while he is president. 

The Federal Reserve is working on one anyway. 

CBDCs give the government and central bankers the power to spy on every financial transaction, right down to the penny. Worse yet, a CBDC allows the government to dictate how, when, where, or even if a person is allowed to spend their money at all.  

Some countries around the world are already discussing applying “negative interest rates” where people will be charged if they save too much money. Others, like China, simply shut off a person's ability to spend their own money on things like gasoline or health care if the government doesn’t feel the person “needs” that item.

The Fed’s semi-secret CBDC program could bring all those tyrannies to American shores, unless Congress permanently bans CBDCs.

Tell the Senate: STOP The Fed’s digital dollar surveillance scheme! Pass the Anti-CBDC Surveillance State Act Now! 

When you do, I’ll send you a printed copy of our book Marxist Money: Central Bank Digital Currencies and the Theft of Freedom.

On the third day of his second term in office, President Donald J. Trump issued Executive Order 14178: "Strengthening American Leadership in Digital Financial Technology,” Section 5 of which specifically bans CBDCs.

Sec. 5. Prohibition of Central Bank Digital Currencies. 

(a) Except to the extent required by law, agencies are hereby prohibited from undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad.

(b) Except to the extent required by law, any ongoing plans or initiatives at any agency related to the creation of a CBDC within the jurisdiction of the United States shall be immediately terminated, and no further actions may be taken to develop or implement such plans or initiatives.

That should have been the end of the CBDC story, at least until President Trump leaves office. However, former President Barack Obama’s Commodity Futures Trading Commission chairman, Timothy Massad, just admitted what we’ve been warning about for some time.

Prior to taking charge of Obama’s trading commission, Massad also led Obama’s massive failure of a bank bailout program called TARP — the Troubled Asset Relief Program that bailed out banks instead of the American people after the 2008 housing crash. 

Recently, Massad tipped the globalist hand when he told reporters: 

We don’t have a central bank president who is going to get out there and speak about wholesale or retail CBDC, but that does not mean that we are not looking at how to create one. [emphasis added]

The statement comes on the heels of the Bank of International Settlements (BIS) stunning disclosure that, despite Trump’s executive order ban, the Federal Reserve Bank of New York is an active participant in the BIS’ cross-border CBDC test program known as “Project Agora”! 

Because of the outcry raised by Liberty Counsel and others, the BIS has stopped using any reference to “CBDC” in its discussions and published materials. Instead, BIS uses harmless-seeming euphemisms like “tokenized wholesale central bank money” and “tokenized commercial bank money."

But a rose by any other name is still a rose, and Project Agora is, in fact, a CBDC program. 

President Trump’s executive order banning CBDCs was a strong move to protect Americans’ freedom. But that order will only last as long as Trump is president — and, as we see above, that order is already being flagrantly violated by the Federal Reserve.

Congress must now step in and pass a law to permanently ban CBDCs.

The American experiment is approaching its 250th anniversary. But the liberty Americans enjoy will be erased by a CBDC, which gives the government the power to control people by controlling their money.

Don’t let globalist bankers end our liberty with this new digital funny money.

Fax the Senate now to demand they VOTE YES on the Anti-CBDC Surveillance State Act.

As you do, please consider supporting our legal work with a generous single gift or even a modest recurring monthly donation. You are helping Liberty Counsel defend life, religious freedom, and the natural family in courtrooms around the country, at the U.S. Supreme Court, and in the halls of Congress. We cannot do this work without your direct financial support. Please give generously today. As you do, a special Challenge Grant will DOUBLE your impact.

Mat Staver
Founder and Chairman
Liberty Counsel