On Wednesday, May 24, Florida Governor Ron DeSantis launched his Unitedย States Presidential Campaign onย Twitterย platform Spaces along with Elon Musk. With nearly 300,000 listeners tuned in DeSantis stated that he would undoubtedly protect Bitcoinย (BTC) if elected.
โI think people should be able to do Bitcoin. As president, weโll protect theย potential to do things like Bitcoin,โ he said.
The comments come at a time when the Unitedย States regulatoryย authorities have turned hostile to digitalย currencies. Unitedย States SEC chair Gary Gensler indicatedย that almost every digitalย currency falls under the category of โsecuritiesโ and comes under their jurisdiction. Nonetheless, Bitcoin, inย particular, has stayed away from the securities debate while most of the top regulatoryย authorities recognize it as a commodity.
In the primary election, Republican Candidate Ron DeSantis will take on previous President Donald Trump. In the past, DeSantis has likewise shared his support for decentralized digitalย currencies. Althoughย while acknowledging the underlying dangers, the Florida Governor indicatedย that people should be able to make their own decisions. DeSantis said:
โI just doย not have an itch to have to control everything that people couldย be doing in this space, and I think theย present regime, clearly, they have it out for Bitcoinย (BTC), and if it continuesย for another four years, theyโll probably end up killing itโ.
Ron DeSantis Lashes Out At CBDCs
Althoughย while the Unitedย States and other central banks worldwide have fast-tracked their development of a monetaryย authority digitalย currency (CDBC), Florida Governor Ron DeSantis came lashing out at them.
He thinksย that CBDCs are not good for Americans and shall be used for surveillance objectives by the Federal Government toย beย ableย to control the financial habits of Unitedย States citizens. Earlier theseย 30ย days, DeSantis passed a proposed bill to make CBDCs illegal under the Florida Uniform Commercial Code.
He stated: โI doย not think Congress would authorize it (CBDC bill). We are trying toย guard people from CBDCs in Florida. That would mean a huge imposition in peopleโs financial freedoms and financial privacy. If the central authority has control over it, they would start imposing environmental, social and governance (ESG) criteria.โ
