Theย mostย recent contender for the leadership of the Republican Party stated he is an advocate for crypto.
โ Theย present regime, clearly, has it out for Bitcoin,โ Ron DeSantis stated withinย a Twitter space with Elon Muskย (Teslaย &ย SpaceX CEO) and deal investor David Sacks in which he officially announced his bid for Unitedย States president. โAnd if it continuesย for another four years, theyโll probably end up killing it.โ
DeSantis stated he views cryptocurrency as a question of civil liberties. As Floridaโs governor, he signed legislation prohibiting the use of monetaryย authority digitalย currencies within the state (although some lawyers question if the law does what it says).
โI just doย not have the itch to have to control everything that people couldย be doing in this space,โ he stated. โ Bitcoinย (BTC) represents a threat to them, theyโre attemptingย to regulate it out of existence.โ
During the interview, DeSantis insisted on Congressional authorization for a CBDC, vowing to avoid it during his potential presidency, owingย to concerns over itsย probability misuse to influence politically unfavorable purchases.
Several have argued, onย theย otherย hand, that CBDCs enshrine constitutional protections over commerce, giving these unfavorable purchasers or merchants โ such as someone buying ammunition or a pornographer selling their creations โ a defense against un-banking that canโt be used when dealing with a private company.
Regardless, CBDCs canย potentially be the latest wedge issue in Unitedย States politics.
In a recent interview with CoinDesk, Samuel Armes, president of the Florida Blockchainย Tech Business Association, which helped draft DeSantisโ anti-CBDC bill, stated that DeSantisโ 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 isnโt the 1st Republican candidate to mention Bitcoinย (BTC). Previous pharma entrepreneur and longshot contender Vivek Ramaswamy stated onstage at Bitcoinย (BTC) 2023 in Miami that theย following election should be a โreferendum of fiat currencyโ and has likewise come out against CBDCs with a โhell no.โ
Nikhilesh De.
