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 isย that DeSantis said that he would support theย expansion of the cryptocurrency industry and would let people trade digital assets. He likewise opposed monetaryย authority digitalย currencies (CBDCs), whichย mayย appear him further curry favor with some in the cryptocurrency world.
Speaking on his stance on Bitcoin, DeSantis explained,
โYouโve got every right to do Bitcoinย (BTC). The only reason these people in Washington doย not like it is because they doย not control it. Theyโre central planers, and they want to have control over society. So Bitcoinย (BTC) represents a threat to them and so theyโre attemptingย to regulate it out of existence. Look, could Congress enact a statute to ban things like Bitcoinย (BTC) under the constitution? They couldย be able to do, I would oppose that.โ
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 Bitcoinย (BTC) 2023 conference, saying that he โdefend right to self custody, right to run a node at home and defend industry neutral regulation of energy.โ
He likewise stated that he would โreverse the governmentโs growing hostility toward this industry.โ Numerous in the cryptocurrency world feel that theย Unitedย States Securities and Exchange Commission (SEC) and others are taking far asย well harsh a stance, so they would welcome such a turn.
Cryptocurrency on the Agenda in Unitedย States Politics
Cryptocurrency has increasingly become a policy on which lawmakers in theย Unitedย States are fighting for roles. The industry has been pushing to make its voice heard, with corporations spending millions of dollars lobbying in last yearโs midterm elections.
Between those who donated were now notorious cryptocurrency insider Sam Bankman-Fried, whose offerings were well documented following the collapse of FTXย Tradingย Ltd. Skybridge Financialย resources was another notable donor, led by previous Trump White House communications director Anthony Scaramucci.
Coinbaseย Cryptoย exchange has likewise spoken about the must engage politically. The company stated in a post published in April that it was โon target to recruit 50,000 cryptocurrency advocates by the end of the year.โ
