House Republican warns CBDC 'communist money' could lead US to 'dystopian' future

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.