Biden’s Crypto “War” Ends with DeSantis
Republican presidential candidate and Florida Governor Ron DeSantis is a staunch supporter of Bitcoin and other cryptocurrencies. During a recent campaign event in New Hampshire, he vowed to end the Biden administration’s perceived hostility toward the industry: “Biden’s war on Bitcoin and cryptocurrency will come to an end when I become president.” DeSantis emphasized his belief that Americans should have the freedom to invest in crypto assets, stating, “No one is forcing you to do it, if you want to do it, you can do it.”
SEC’s Strict Approach to Crypto
The Securities and Exchange Commission (SEC) has taken a tough stance on cryptocurrencies, classifying several tokens as unregistered securities and pursuing enforcement actions against prominent exchanges like Kraken, Binance, and Coinbase.
DeSantis criticized the SEC’s approach, arguing that it stifles innovation and prevents Americans from participating in the growing crypto market.
DeSantis: Protect Bitcoin, Reject CBDCs
DeSantis has consistently expressed his strong opposition to central bank digital currencies (CBDCs). He believes that CBDCs would give the government excessive control over people’s finances and undermine financial privacy. DeSantis has gone so far as to sign a bill into law in Florida that prohibits the issuance of CBDCs in the state.
“As President, on day one, CBDC goes into the trash can. We are not going to allow it,” DeSantis declared.
Frequently Asked Questions
What is a cryptocurrency?
A digital asset that uses cryptography for security and can be used for payments, investments, or other purposes, independent of central banks.
What is a central bank digital currency (CBDC)?
A digital currency issued by a central bank, which is typically designed to replace or supplement physical cash.
Who is Ron DeSantis?
The Governor of Florida and a leading Republican presidential candidate.
Credit and copyright: BITboosters