2024 candidates and digital currencies 

Source: https://www.coindesk.com/consensus-magazine/2023/05/04/central-bank-digital-currencies-are-unexpectedly-becoming-a-presidential-election-issue/
Source: https://www.coindesk.com/consensus-magazine/2023/05/04/central-bank-digital-currencies-are-unexpectedly-becoming-a-presidential-election-issue/

Helium Summary: Central Bank Digital Currencies (CBDCs) are emerging as a presidential election issue among potential 2024 candidates, despite the US Federal Reserve having no plans to issue a digital dollar [Coin Desk].

Candidates, such as Robert F. Kennedy Jr. [c-span.org], Tim Scott [Fox], and Rick Perry [CNN], have announced or hinted at their presidential runs, while President Joe Biden is expected to seek re-election [Daily Mail].


May 23, 2023



Perspectives

Pro-CBDCs


Candidates supporting CBDCs may argue their potential benefits to financial systems and the economy

Anti-CBDCs


Critics worry about privacy, security, and the impact on the traditional financial system

Undecided


Some candidates might opt for a wait-and-see approach, observing the outcomes in other countries implementing CBDCs.



Relevant Trades



Q&A



Will CBDCs continue to be a presidential election issue?

It is likely, given the increasing attention and debate surrounding digital currencies [Coin Desk].



News Media Bias (?)


Sources include CoinDesk [Coin Desk], a specialized cryptocurrency publication, and major news organizations such as CNN [CNN], Daily Kos [Daily Kos], and CBS [CBS].

Coverage may lean towards sensationalism or the political leanings of the source.



Context


CBDCs have been implemented or piloted in some countries, pushing the topic into global financial conversations and impacting presidential campaigns, regardless of domestic plans.



Takeaway


CBDCs are emerging as a debated issue among potential 2024 presidential candidates, reflecting the growing importance of digital currencies in the global economy.



Potential Outcomes



1) CBDCs become a significant election issue, affecting candidate support (60%)

2) CBDC debates fade, overshadowed by other pressing topics (40%).



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