Ron DeSantis Advocates for Crypto and Takes on CBDCs in Twitter Space with Elon Musk

Ron DeSantis Advocates for Crypto and Takes on CBDCs in Twitter Space with Elon Musk

Florida Governor and Republican Party leadership candidate Ron DeSantis discussed his support for crypto and concerns over central bank digital currencies during a Twitter space with Elon Musk and David Sacks.

Florida’s governor and the Republican Party’s latest leadership candidate talked cryptocurrency and monetary authority digital currencies in a Twitter space with Elon Musk.

The most recent contender for the leadership of the Republican Party stated he is an advocate for crypto.

“ The present regime, clearly, has it out for Bitcoin,” Ron DeSantis stated within a Twitter space with Elon Musk (Tesla & SpaceX CEO) and deal investor David Sacks in which he officially announced his bid for United States president. “And if it continues  for another four years, they’ll probably end up killing it.”

DeSantis stated he views cryptocurrency as a question of civil liberties. As Florida’s governor, he signed legislation prohibiting the use of monetary authority digital currencies within the state (although some lawyers question if the law does what it says).

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“I just do not have the itch to have to control everything that people could be doing in this space,” he stated. “ Bitcoin (BTC) represents a threat to them, they’re attempting to regulate it out of existence.”

During the interview, DeSantis insisted on Congressional authorization for a CBDC, vowing to avoid it during his potential presidency, owing to concerns over its probability misuse to influence politically unfavorable purchases.

Several have argued, on the other hand, that CBDCs enshrine constitutional protections over commerce, giving these unfavorable purchasers or merchants – such as someone buying ammunition or a pornographer selling their creations – a defense against un-banking that can’t be used when dealing with a private company.

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Regardless, CBDCs can potentially be the latest wedge issue in United States politics.

In a recent interview with CoinDesk, Samuel Armes, president of the Florida Blockchain Tech Business Association, which helped draft DeSantis’ anti-CBDC bill, stated that DeSantis’ office has gotten more phone calls about CBDCs than any of the usual issues.

A recent poll from Quinnipiac University shows that DeSantis still trails previous president Donald Trump between Republican and Republican-leaning voters, with 56 percent supporting Trump followed by 25 percent for DeSantis.

DeSantis isn’t the 1st Republican candidate to mention Bitcoin (BTC). Previous pharma entrepreneur and longshot contender Vivek Ramaswamy stated onstage at Bitcoin (BTC) 2023 in Miami that the following election should be a “referendum of fiat currency” and has likewise come out against CBDCs with a “hell no.”

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Nikhilesh De.


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