Florida governor Ron DeSantis has declared his support for cryptocurrency. In a recent Twitter space discussion with SpaceX CEO Elon Musk and venture capitalist David Sacks, DeSantis spoke out against what he dubbed the “current regime” and its moves against Bitcoin. “The current regime, clearly, has it out for Bitcoin,” he said. “And if it continues for another four years, they’ll probably end up killing it.” DeSantis said he views cryptocurrency as a question of civil liberties and warned that regulators are trying to regulate Bitcoin out of existence.
As Florida’s governor, DeSantis previously signed legislation banning the use of central bank digital currencies (CBDCs) within the state. During the Twitter space discussion, he insisted that any CBDCs must be authorised by Congress to avoid the potential misuse of power to influence politically unfavourable purchases. Some have argued, however, that CBDCs enshrine constitutional protections over commerce, giving buyers or sellers a defence against un-banking that cannot be used when dealing with private companies.
Samuel Armes, president of the Florida Blockchain Business Association, said the state’s governor’s office has received more phone calls about CBDCs than any other issue. This highlights the potential for CBDCs to become a major wedge issue in US politics. DeSantis is not the first Republican candidate to mention Bitcoin. Former pharma entrepreneur Vivek Ramaswamy, who spoke at Bitcoin 2023 in Miami, said that the next election should be a “referendum of fiat currency” and also came out against CBDCs.
DeSantis, who is running for US president and considered to be a long shot compared to former president Donald Trump, still trails Trump by a significant margin among Republican and Republican-leaning voters. Regardless of his chances of success, his declarations may encourage more politicians to declare their support for cryptocurrencies, potentially making them a key topic in future political debates. As always, such developments should be taken with caution, as the situation can change quickly.
According to https://www.coindesk.com/policy/2023/05/25/desantis-bitcoin-represents-a-threat-to-the-current-regime/
The material in this article is written on the basis of another article.