Florida Gov. DeSantis declares war on CBDCs

Driving the news: DeSantis last week signed a law "to protect the personal finances of Floridians from government overreach and woke corporate monitoring" by barring the use of a CBDC within the state.

Between the lines: FIN's James Ledbetter explains that the law is "logically and legally bats--t."

• "If Florida were to genuinely block within its borders the use of a legal tender CBDC, this is the stuff of civil wars," he writes.

The bottom line: DeSantis is seemingly doing his best to exacerbate the national crisis of faith in civic institutions — up to, and including, the dollar itself.

• DeSantis is surely aware that the law would almost certainly be struck down in the event a CBDC were adopted. But representing a state in a major legal fight against the federal government is the kind of thing that makes politicians very popular on the right.