🌋 Florida CFO Advocates for Crypto, Raises Concerns Over CBDCs
posted 1 Nov 2024
The State of Florida holds around $800 million in crypto-related investments. Jimmy Patronis, Florida’s Chief Financial Officer, said in a recent interview with CNBC that crypto represents a big opportunity for the state’s investment portfolio and pension funds.
Jimmy Patronis believes it would be a mistake to ignore the industry, stating that it’s real and here to stay. Noting the surge in crypto activities, he predicted Miami could become the crypto capital of the world and said he would push forward to take advantage of the market.
Discussing Central Bank Digital Currencies, the Florida CFO emphasized the importance of protecting people’s financial privacy from monitoring and government overreach.
According to Patronis, Florida will continue its policy against CBDCs, and the state’s crypto portfolio is likely to grow, potentially under the Trump administration.
Discussing Central Bank Digital Currencies, the Florida CFO emphasized the importance of protecting people’s financial privacy from monitoring and government overreach.
I don't want the federal government knowing that my son went to the grocery store to go buy a bag of Doritos at 2:15 in the afternoon. We need to have some protections in place,Patronis said.
Previously, Florida Governor Ron DeSantis announced legislation against federally controlled CBDCs.
According to Patronis, Florida will continue its policy against CBDCs, and the state’s crypto portfolio is likely to grow, potentially under the Trump administration.
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