House Republican warns CBDC 'communist money' could lead US
Republican Rep. Warren Davidson of Ohio plans to introduce legislation that seeks to prevent the creation of a central bank digital currency.
It takes a certain kind of politician to call a central bank digital currency “communist money. ” Representative Warren Davidson is that kind of politician, and frankly, we’re glad someone is saying it out loud. A CBDC sounds like a boring technical upgrade.
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Video GOP lawmaker sounds alarm about 'communist money,' aiming to block US from ever adopting a CBDC GOP Rep. Warren Davidson of Ohio wants to stop the US from ever adopting a central bank digital currency.
Rep. Warren Davidson, R-Ohio, plans to introduce legislation that puts the prospect of a central bank digital currency (CBDC) in the crosshairs.
The lawmaker, who has served in the U.S. House since mid-2016 and is currently seeking re-election, characterized central bank digital currency as "communist money for the digital age," during an interview with Fox News Digital.
"They could just freeze your money. You could program it. Some people call it a feature," Davidson said. He provided a scenario in which a pickup truck driver pays $10 per gallon for fuel while a hybrid driver could get their fuel for just $2 per gallon. "And people see this as a feature. I think it's dystopian," Davidson said, adding, "I definitely want to stop it."
Last month, in a post on X, Davidson wrote, "I'm drafting a bill to regulate Central Bank Digital Currency (CBDC) as counterfeit money. Planning a CBDC? Conspiracy. Designing a CBDC? Same as designing counterfeit plates. Launching CBDC? Counterfeiting. Prison for counterfeiters and their accomplices. No CBDC!"
In another post on X last month, Davidson warned, "CBDC = communist money for the digital age. Programmable money puts the government between you and your money. You will only have access with their permission. This is an existential threat to western civilization."
While a section within the 21st Century ROAD to Housing Act that became law earlier this year temporarily prohibits the creation of a CBDC, that ban sunsets in a few years — language in the ban notes that "provisions of this section shall cease to be effective on December 31, 2030."
Davidson told Fox News Digital during the interview on Tuesday that "the fundamentals for sound money is some level of fiscal discipline," adding that "you can't spend more than you bring in every year."
"I don't think it has to be gold," he said, explaining that there needs to be "a disciplined monetary policy" in which "you can't grow the money supply disproportionate to your economy."
"I think we should end this Fed," Davidson said, adding that he believes there is "a case for a central bank," while noting, "I don't know that you could reform the current one without ending it."
Davidson said that he thinks "we should at least audit the Fed."
Asked about President Donald Trump's proposal to dole out $5,000 to every American adult if the GOP wins both chambers of Congress during the midterms, Davidson indicated that he could get behind the policy if it is paired with spending cuts to cover the cost.
Davidson said that "on its face" the proposal is concerning "because $5,000 per person going into the economy would fuel inflation," but suggested that such a move could be combined with action such as gutting Obamacare, saying that among "the most promising ways to pay for it is a radical shift in healthcare."
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New Republican Times Editorial Board
It takes a certain kind of politician to call a central bank digital currency “communist money.” Representative Warren Davidson is that kind of politician, and frankly, we’re glad someone is saying it out loud. A CBDC sounds like a boring technical upgrade. In practice, it’s the most dangerous tool for financial control ever proposed in peacetime.
Here’s the part the boosters don’t want you to dwell on: a digital dollar would let the federal government watch every coffee purchase, every rent check, every donation. Then it could flip a switch and decide which transactions are allowed. That’s not innovation. That is a leash on every American’s wallet. Davidson’s legislation to block the Federal Reserve from creating one isn’t paranoid. It’s basic self-defense against people who think they should have veto power over your spending.
We’ve seen this movie in other countries. They pitch it as convenience and financial inclusion. Then they start freezing accounts for political reasons or "public health" excuses. The same crew running our own monetary policy has spent years telling us inflation is temporary and deficits don’t matter. They don’t get to be trusted with a kill switch for your savings. If you think they wouldn’t weaponize it, you haven’t been paying attention to how they treat people with unapproved opinions on taxes, energy, or elections.
Davidson’s bill deserves a vote. The fact that it might not get one tells you everything about who actually benefits from a cashless society. The answer isn’t a digital leash. It’s paper money, gold, Bitcoin, and anything else the state can’t reach with a keyboard. Let’s let this one be the rare bipartisan test: do you trust Americans with their own money, or do you trust a central planner with a server farm? We know which side Davidson is on. We’re with him.
Commentary written with AI assistance by the New Republican Times Editorial Board.