DeSantis Announces Presidential Run and Stands Against CBDCs

DeSantis Announces Presidential Run and Stands Against CBDCs

Florida Governor Ron DeSantis announces his run for Republican nomination in 2024, supporting the growth of the crypto industry while opposing central bank digital currencies (CBDCs).

Florida Governor Ron DeSantis announced his run for the Republican nomination in 2024. He stated that he would support the right to trade cryptocurrency but opposes CBDCs.

In a live Twitter Space event with Elon Musk, Florida Governor Ron DeSantis formally announced his run for president in 2024. DeSantis and Musk spoke in a session that was moderated by DeSantis supporter David Sacks. Musk has likewise previously stated that he would support DeSantis and his bid for the presidency.

DeSantis Opposes a CBDC

Of interest to the cryptocurrency world is that DeSantis said that he would support the expansion of the cryptocurrency industry and would let people trade digital assets. He likewise opposed monetary authority digital currencies (CBDCs), which  may appear him further curry favor with some in the cryptocurrency world.

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Speaking on his stance on Bitcoin, DeSantis explained,

“You’ve got every right to do Bitcoin (BTC). The only reason these people in Washington do not like it is because they do not control it. They’re central planers, and they want to have control over society. So Bitcoin (BTC) represents a threat to them and so they’re attempting to regulate it out of existence. Look, could Congress enact a statute to ban things like Bitcoin (BTC) under the constitution? They could be able to do, I would oppose that.”

DeSantis has an approval rating of 21 percent very favorable, 25 percent somewhat favorable, 10 percent somewhat unfavorable, and 29 percent very unfavorable. 16 percent have no position either way on the governor.

Presidential Candidate Robert Kennedy Jr. Likewise Pro Crypto

Robert F Kennedy Jr, who likewise announced his candidacy for the Democratic nomination in 2024, supports the cryptocurrency industry. Kennedy Jr. delivered the keynote address at the Bitcoin (BTC) 2023 conference, saying that he “defend right to self custody, right to run a node at home and defend industry neutral regulation of energy.”

He likewise stated that he would “reverse the government’s growing hostility toward this industry.” Numerous in the cryptocurrency world feel that the  United States Securities and Exchange Commission (SEC) and others are taking far as well harsh a stance, so they would welcome such a turn.

Cryptocurrency on the Agenda in United States Politics

Cryptocurrency has increasingly become a policy on which lawmakers in the  United States are fighting for roles. The industry has been pushing to make its voice heard, with corporations spending millions of dollars lobbying in last year’s midterm elections.

Between those who donated were now notorious cryptocurrency insider Sam Bankman-Fried, whose offerings were well documented following the collapse of FTX Trading Ltd. Skybridge Financial resources was another notable donor, led by previous Trump White House communications director Anthony Scaramucci.

Coinbase Crypto exchange has likewise spoken about the must engage politically. The company stated in a post published in April that it was “on target to recruit 50,000 cryptocurrency advocates by the end of the year.”


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