DeSantis pledges to safeguard Bitcoin in presidential bid kick-off

DeSantis pledges to safeguard Bitcoin in presidential bid kick-off


Florida Governor Ron DeSantis pledges to protect bitcoin if elected president, stating that people should be able to make their own decisions regarding decentralized cryptocurrencies.

Florida Governor Ron DeSantis, who launched his presidential campaign in a Twitter Spaces event with Elon Musk (Tesla & SpaceX CEO) on Wednesday evening, stated he’d protect Bitcoin (BTC) if he’s elected next year.

“I think people should be able to do bitcoin,” DeSantis stated as 300,000 listeners tuned in. “As president, we’ll protect the  potential to do things like bitcoin.”

DeSantis, who earlier these 30 days moved to prohibit any kind of a monetary authority digital currency in the state, stated that Bitcoin (BTC) represented a threat to “central planners” that want “control over society.” He stated any kind of regulation over digital currencies should in the end be up to Congress, and that he’d oppose any kind of a ban should one ever emerge.

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The Republican, who will try and take on previous President Donald Trump in the primary election, has expressed support in the past for decentralized digital currencies. He acknowledged dangers in the sector but stated that people should be able to make their own decisions. 

“I just do not have an itch to have to control everything that people could be doing in this space, and I think the present regime, clearly, they have it out for Bitcoin (BTC), and if it continues  for another four years, they’ll probably end up killing it,” DeSantis said. 

The comments come as cryptocurrency exchanges such as Coinbase Crypto exchange have battled United States regulatory authorities, with some warning that regulatory uncertainly in the country might propel the industry offshore. Cathie Wood’s Ark Invest wrote earlier this coming week that the country is at danger of losing a leading position in the worldwide cryptocurrency ecological system to countries including the United Arab Emirates, South Korea, Australia and Switzerland.

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