By John Smith
As the 2024 presidential race heats up, cryptocurrencies are emerging as a hot topic. Candidates from both parties are vying for the support of crypto enthusiasts, and the issue is likely to play a significant role in the outcome of the election.
DeSantis’s Crypto Stance
One of the most prominent candidates in the race is Florida Governor Ron DeSantis. DeSantis has been a vocal supporter of crypto since as early as 2021, when he proposed allowing businesses to pay state fees with cryptocurrencies.
However, DeSantis has recently come under fire from some in the crypto community for his stance on central bank digital currencies (CBDCs). In March, he dedicated a press conference to the potential project of an American CBDC, urging Florida lawmakers to preventively prohibit the introduction of the digital dollar in their states.
DeSantis has argued that CBDCs are all about surveilling Americans and controlling their behavior. He has also pledged to lobby for the same prohibition if he becomes the president of the United States.
“I think they want to crowd out and eliminate other types of digital assets like cryptocurrency because they can’t control that, so they don’t like that.”
– Ron DeSantis
Alternative Candidates
Even if DeSantis fails to secure the Republican nomination, he is not the only pro-crypto candidate in the race. The Democrats have Robert Kennedy Jr., who has publicly confessed to buying 2 BTC for each of his children. He has also announced that he would begin accepting campaign donations in Bitcoin and make the currency exempt from capital gains taxes if elected president.
Another candidate to watch is Vivek Ramaswamy. The youngest-ever Republican presidential candidate, Ramaswamy has managed to raise the level of favorable opinions about him from 16% in April to 27.2% in August. He is third in the polls after Trump and DeSantis.
Ramaswamy has pushed for a stronger crypto industry in the U.S. and also accepts BTC for campaign donations, even offering nonfungible tokens (NFTs) to qualifying donors.
Conclusion
The role of crypto in the 2024 presidential race is still evolving. However, it is clear that cryptocurrencies are becoming a more mainstream issue, and candidates from both parties are taking notice. The outcome of the election could have a significant impact on the future of crypto in the United States.
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