In the middle of the American presidential campaign, the discussions are animated around various subjects, in particular Bitcoin and cryptocurrencies, which arouse great interest. Ron DeSantis, Governor of Florida and Republican candidate for 2024, is firmly in favor of cryptos. During his New Hampshire campaign tour, DeSantis firmly vowed to end “Biden’s war on bitcoin” and cryptos if he becomes president.
Crypto regulation, a major issue in the battle for the presidency in 2024
Regulation of the crypto industry in the United States often draws criticism within the cryptosphere. The fierce war waged by the SEC (Securities and Exchange Commission) against companies in this field has become a viral subject among players residing in the USA. Politicians are seizing this opportunity in the race for the presidency of 2024, which is currently raging in the country.
Ron DeSantis, the governor of Florida and presidential candidate, does not hesitate to highlight Bitcoin during his campaign appearances. Indeed, at a recent campaign event in New Hampshire, he strongly critical the Biden administration for its alleged attempts to regulate Bitcoin and cryptocurrencies.
DeSantis believes that these measures undermine the financial freedom of citizens, hence his commitment to put an end to it if he becomes president.
” Biden’s War on Bitcoin and Cryptocurrency Will End When I Become President” , did he declare.
It’s worth pointing out that this isn’t the first time he’s voiced his support for Bitcoin. DeSantis is a strong supporter of Satoshi’s invention and has previously stated his support for the right to use Bitcoin, stressing that citizens have every right to choose it.
CBDC rejected on day one of office
Besides his stance on cryptos, Ron DeSantis has also expressed his opposition to the creation of a central bank digital currency (CBDC). Unlike decentralized issued cryptos, a CBDC is directly issued by a country’s central bank and can be programmed to restrict certain transactions.
DeSantis sees the CBDC as a financial surveillance tool that threatens the privacy and economic freedom of individuals. As an opponent of the issuance of a digital dollar, he even signed state-level legislation banning the issuance of a federal CBDC in Florida.
Ron DeSantis isn’t the only presidential candidate to voice his support for Bitcoin. Other political figures, such as Francis Suarez and Robert Kennedy Jr., have also expressed their support for the crypto queen. Kennedy even offered to back the US dollar with bitcoin and remove taxes on capital gains generated from the sale of this asset.
However, despite this support, the crypto industry in the United States is facing regulatory and legal challenges, pushing some companies to consider relocating overseas. The presidential elections will undoubtedly have a major impact on the crypto industry and determine its future in the United States.
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