Ron DeSantis, the Governor of Florida, made his presidential campaign debut on Twitter alongside Elon Musk. During their conversation, DeSantis asserted his commitment to safeguarding bitcoin and opposing any potential bans on cryptocurrencies if he were to win the election. According to a primary poll conducted by NBC, DeSantis currently holds 31% support among Republicans, while his rival, Donald Trump, leads with 46%.
DeSantis Pledges to Protect Bitcoin and Oppose Bans in Presidential Bid
During the live-streamed event, which attracted an audience of around 300,000 listeners, DeSantis expressed his belief in the freedom for individuals to engage in bitcoin transactions. He vowed to safeguard the ability to use cryptocurrencies if he assumes the presidency.
It is worth noting that DeSantis had recently taken steps to ban the establishment of a central bank digital currency within Florida, citing concerns about the power of “central planners” and their desire to control society. He emphasized that any regulations related to cryptocurrencies should be determined by Congress and firmly stated his opposition to any bans that might arise.
“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,” DeSantis said.
DeSantis Pledges to Protect Bitcoin and Oppose Bans in Presidential Bid
As a Republican candidate seeking to challenge Donald Trump in the primary election, DeSantis has previously demonstrated support for decentralized cryptocurrencies. While acknowledging the inherent risks associated with the sector, he emphasized the importance of allowing individuals to make their own decisions in this domain. In contrast to the current administration’s stance on bitcoin, DeSantis criticized their apparent hostility towards it, suggesting that prolonged opposition could lead to its demise within the United States over the next four years.
These remarks from DeSantis arrive at a time when crypto exchanges like Coinbase are grappling with regulatory challenges in the United States. Concerns have been raised regarding the potential for regulatory uncertainty to drive the crypto industry offshore. Investment firm Ark Invest, led by Cathie Wood, recently warned that the United States could lose its leading position in the global crypto ecosystem to countries like the United Arab Emirates, South Korea, Australia, and Switzerland.
