Crypto Market News: In the lead up to the 2024 United States presidential election, the crypto market narrative is increasingly becoming important as lawmakers and influential people push for having a debate on crypto regulatory stance in the United States. This comes despite the continuous attack by the likes of the US Securities and Exchange Commission (SEC) on crypto businesses operating in the country. Recently, Florida Governor Ron DeSantis criticized the Biden administration’s way of handling the crypto enforcement actions. His comments sparked a debate around crypto regulation and the implementation of Central Bank Digital Currencies (CBDCs) in the country.
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In the context of banning CBDC use in Florida, the Governor said the current US administration is looking to regulate the crypto market so hard that it will not be able to operate in the US. He added that “Bitcoin represents a threat to the current regime.”
Binance CEO CZ Welcomes Ron DeSantis Running For President
Speaking in an Ask Me Anything event on Wednesday, Changpeng Zhao, the chief executive officer of top crypto exchange Binance welcomed the open support to crypto industry by the likes of DeSantis. CZ applauded DeSantis and Francis X. Suarez, the Mayor of Miami, for their pro-crypto stance. On the prospect of DeSantis running for president, he responded,
“That would be great.”
Referring to the shutting down of crypto friendly banks like Silicon Valley Bank and the various ongoing lawsuits, he said the United States is currently not looking positive to the crypto ecosystem.
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