The governor of Florida, DeSantis announces his support for digital currencies during his presidential campaign. He reportedly stated that everyone has the right to trade Bitcoin.
According to the reports, Ron DeSantis, a Republican who is the current Governor of Florida, recently announced his ambition to run for the US Presidency election coming up next year. In his campaign run, the governor took a positive stance on Bitcoin and crypto giving a hedge in the crypto space.
Currently, the crypto industry is under enormous pressure in the US as President Joe Biden-led administration mounts stringent regulations on it. These rules restrict users’ access to numerous crypto-related platforms, products, and services.
On the contrary, DeSantis is instead pushing the cryptocurrency movement as he said everyone has the right to own and trade BTC and crypto. Speculators believed that his advocacy for crypto would help boost his presidential run in 2024.
DeSantis Pushes The Digital Assets Agenda
In his speech, Ron DeSantis claimed that the current administration considers crypto as a threat to the national economy. Hence, why the Boden-led administration vehemently campaigned against blockchain innovation, pushing to outlaw it.
In addition, the governor previously stated that Florida is the first state in the UP to approve a law that bans the use of central bank digital currencies (CBDC) in its region. He also encouraged other states to follow in his footsteps.
Remarkably, DeSantis recently cohosted a crypto Twitter space with Elon Musk, Twitter CEO and Dogecoin advocate. The space which was anchored by David Sacks, a Venture capitalist, witnessed a massive turnout as about 520,000 listeners were present.
While speaking in the space, the governor admitted that there are many risks involved in trading the crypto market. However, he believed each investor venturing into the industry must have had the necessary knowledge to make guided decisions.
DeSantis pointed out that if President Biden is re-elected into power next year, the crypto industry would have no chance to survive under his strict crypto regulation, as per reports.
Meanwhile, the Republican party would hold its Presidential primary debate in August, this year. Ron DeSantis is expected to lock horns with other party aspirants like the former president of the US, Donald Trump.
Robert Kennedy Jr. And Other Aspirant Supports Crypto
According to reports, a presidential candidate from the Democratic party, Robert F. Kennedy Jr., also publicly advocated for digital assets. During his speech at the recently concluded Bitcoin conference, Kennedy described Bitcoin as a symbol of freedom and democracy.
In addition, Kennedy is reportedly the first presidential aspirant to receive campaign donations in Bitcoin. Furthermore, he highlighted that blockchain technology is pivotal to innovations. However, he expressed dissatisfaction and claimed the US strict rules are restricting the potential of the crypto industry, driving innovation elsewhere.
According to Kennedy Jr. with a broader network of currencies, the US economy has a better chance of withstanding pressures rather than with just a centrally controlled currency.
Aside from Kennedy Jr and DeSantis who publicly support crypto, another US Presidential aspirant, Vivek Ramaswamy, has expressed his positive belief in blockchain innovation. He pasted a crypto payment-linked QR code as a donation option for his campaign run.
In addition, he planned to incentivize fund donors with NFTs, establishing his support for digital assets. According to reports, Ramaswamy believed that the 2024 elections should be a vote on fiat currency.