Ron DeSantis declared his candidature for president of the United States during a Twitter conversation with Elon Musk and investor David Sacks. “The current regime, clearly, has it out for Bitcoin,” he stated. “And if it goes on for another four years, they’ll probably kill it,” said the speaker.
DeSantis stated that he sees cryptocurrencies as a civil liberties issue. As governor of Florida, he approved legislation that forbade the use of digital currencies issued by central banks within the state (although some attorneys dispute whether the law actually accomplishes its stated goals).
He remarked, “I simply don’t have the itch to have to supervise everything that others could be doing in this place. “They’re trying to regulate Bitcoin out of existence because it poses a threat to them,” said the source.
DeSantis pledged not to employ a CBDC during a hypothetical president and insisted on Congressional approval for one during the interview because of worries that it would be abused to sway politically unfavorable acquisitions.
However, some have argued that CBDCs enshrine constitutional protections over commerce, giving unfavorable buyers or sellers – like 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.
In any case, CBDCs may be the newest political hot potato.
Samuel Armes, head of the Florida Blockchain Business Association, which assisted in the creation of DeSantis’ anti-CBDC legislation, claimed in a recent interview with CoinDesk that DeSantis’ office has received more inquiries regarding CBDCs than any other typical problem.
According to a recent Quinnipiac University survey, DeSantis is still in last place among Republican and Republican-leaning voters, with 56% of them backing former president Donald Trump and 25% supporting DeSantis.
Republican contender DeSantis is hardly the first to bring up bitcoin. Vivek Ramaswamy, a former entrepreneur in the pharmaceutical industry and unlikely candidate, stated on stage at Bitcoin 2023 in Miami that the upcoming election should be a “referendum of fiat currency” and that he is opposed to CBDCs, saying “hell no.”