US presidential candidate and Florida Governor Ron DeSantis is making name for himself as one of the strongest supporters in United States political leadership, ahead of the presidential election year 2024. In a new development, the candidate published a Declaration that promises to fully support Bitcoin and blocks the US Federal Reserve‘s attempts to establish a Central Bank Digital Currency (CBDC).
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Ron DeSantis Bitcoin Declaration
Recent reports suggested that DeSantis is set to accept crypto donations for his campaign, following another presidential candidate Robert F. Kennedy Jr’s announcement on accepting campaign donations in Bitcoin. In this context, the presidential candidate published a report with a set of promises the Declaration of Economic Independence, in which he stated the following:
- If elected, DeSantis will ensure that the Federal Reserve does not implement a central bank digital currency. DeSantis will block any attempts to establish a CBDC or any other policies that will move us closer to a social credit system.
- The candidate promised he will protect entrepreneurship from central planners in the context of Washington’s attempts to regulate and inhibit innovation such as Bitcoin and other new technologies.
- DeSantis will protect cryptocurrencies and work to end politically driven debanking and financial doxing.
Impact On Top Of The Pyramid
Meanwhile, the crypto ecosystem had in recent times grew expectations on the approval of the first spot Bitcoin ETF product in the United States. However, the onus is on the US SEC to take a decision, following the recent setback it faced with Grayscale obtaining the grant for its motion to convert its Bitcoin Trust into a spot ETF.
Although lawmakers like Patrick McHenry, the chairman of the House Financial Services Committee, have been vocal against the SEC’s handling of the crypto ecosystem, leaders like DeSantis and Kennedy Jr. could likely make the biggest impact in terms of regulatory changes.
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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.
Also Read: Binance Reportedly Plans To Start Layoffs In June, Another FUD?
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
As per Quinnipiac National Poll, Trump leads pro bitcoin candidate DeSantis 61 – 32 percent among Republican and Republican leaning voters.
When matched against the current President, DeSantis received 47 percent and Biden received 46 percent among all registered voters, the poll revealed.
Trump remains at top among Republicans
As the field of Republican presidential contenders in the 2024 primary race develops, former President Donald Trump remains at the top of the list of declared or potential candidates with 56 percent support among Republicans, followed by Florida Governor Ron DeSantis with 25 percent, according to a Quinnipiac National report.
On the other hand, Former United Nations Ambassador and South Carolina Governor Nikki Haley receives 3 percent. Former Vice President Mike Pence, South Carolina Senator Tim Scott, and former New Jersey Governor Chris Christie each receive 2 percent.
DeSantis talks crypto with Elon Musk
Florida’s governor and the latest Republican Party’s leadership candidate talked about cryptocurrencies and bitcoin in a Twitter space with Elon Musk and venture capitalist David Sacks.
DeSantis said he sees crypto as a question of civil liberties. Earlier, he signed legislation prohibiting the use of central bank digital currencies within the state.
Bitcoin represents a threat to the current regime, they’re trying to regulate it out of existence, DeSantis said in the Twitter space from where he announced his Presidential candidate bid.
However, Florida’s governor has a long way to go before he surpasses the leading candidate and the former President Donald Trump. Trump’s views on cryptocurrencies have been a little ambiguous. During his presidency, he said that he is not a fan of cryptocurrencies as their value is based on thin air. But later he launched his own NFT collections raising millions of dollars.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Ron DeSantis Tells Elon Musk Bitcoin Will Die if Joe Biden is … Decrypt
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On Wednesday, May 24, Florida Governor Ron DeSantis launched his US Presidential Campaign on Twitter Spaces along with Elon Musk. With nearly 300,000 listeners tuned in DeSantis said that he would surely protect Bitcoin if elected.
“I think people should be able to do Bitcoin. As president, we’ll protect the ability to do things like Bitcoin,” he said.
The comments come at a time when the US regulators have turned hostile to cryptocurrencies. US SEC chair Gary Gensler stated that almost every cryptocurrency falls under the category of ‘securities’ and comes under their jurisdiction. However, Bitcoin, in particular, has stayed away from the securities debate while most of the top regulators recognize it as a commodity.
In the primary election, Republican Candidate Ron DeSantis will take on former President Donald Trump. In the past, DeSantis has also shared his support for decentralized cryptocurrencies. While acknowledging the underlying risks, the Florida Governor stated that people should be able to make their own decisions. DeSantis said:
“I just do not have an itch to have to control everything that people may be doing in this space, and I think the current regime, clearly, they have it out for bitcoin, and if it continues for another four years, they’ll probably end up killing it”.
Ron DeSantis Lashes Out At CBDCs
While the US and other central banks worldwide have fast-tracked their development of a central bank digital currency (CDBC), Florida Governor Ron DeSantis came lashing out at them.
He believes that CBDCs are not good for Americans and shall be used for surveillance purposes by the Federal government in order to control the financial habits of US citizens. Earlier this month, DeSantis passed a proposed bill to make CBDCs illegal under the Florida Uniform Commercial Code.
He said: “I don’t think Congress would authorize it (CBDC bill). We are trying to protect people from CBDCs in Florida. That would mean a huge imposition in people’s financial freedoms and financial privacy. If the central authority has control over it, they would start imposing environmental, social and governance (ESG) criteria.”
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.