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US cryptocurrency policy may usher in a new direction in the 2024 presidential election?
Author: DeepChain Compiler: Sister Shen
Show support for Bitcoin
Florida Governor Ron DeSantis has announced he will be running for the Republican nomination in the US presidential election. He has said that if he is elected president, he will defend the cryptocurrency Bitcoin (BTC).
Mr. DeSantis also hosted a talk event on Twitter Space with Elon Musk and others. The Twitter space reached 300,000 viewers.
Mr. DeSantis expressed his desire to nominate a presidential candidate at the meeting and expressed his views on virtual currencies.
I think the use of Bitcoin should be expanded. If I become President, I promise to defend the freedom to use cryptocurrencies like Bitcoin.
DeSantis, the Republican nominee for the 2024 presidential election, is widely seen as a close ally of former President Donald Trump and is highly regarded by Trump supporters. He has long been positive about cryptocurrencies.
Additionally, in May 2021, we will sign a bill that clearly defines virtual currency in state law and allows individuals to trade virtual currency without obtaining a license. In March 2022, Florida argued that businesses should be able to pay taxes on crypto assets. These measures have earned Florida a reputation as a friendly community for the cryptocurrency industry.
Criticism of CBDC
DeSantis supports private cryptocurrencies such as bitcoin, but is critical of government-issued central bank digital currencies (CBDCs).
Florida is currently working on legislation to ban CBDCs in the state, DeSantis said Wednesday. He expressed concern about the government's tightening control over the people's economy.
For example, if a government fines a citizen, digital dollars can be withdrawn instantly (from that person’s account) without due process.
In other words, governments wield enormous power over the economic independence of their citizens.
He also mentioned the possibility that a CBDC could monitor people's financial behavior.
If the Federal Reserve (Fed) or the US Treasury Department unilaterally introduced a CBDC, it would be banned in Florida.
By doing this, we hope to ensure people's financial independence and avoid becoming a financially regulated country where every transaction is caught by the authorities.
DeSantis also commented that some people want to get rid of cryptocurrencies because they cannot control them, which is related to the Biden administration. They also claim that they want to introduce a controllable CBDC rather than a cryptocurrency.
JFK Jr. Supports Cryptocurrencies
Candidates for the 2024 US presidential election are in action. DeSantis is not the only candidate who has voiced support for cryptocurrencies.
Robert F. Kennedy Jr., who has announced his bid for the Democratic nomination, announced on the 19th that he will accept bitcoin campaign donations. He said that if elected president, he wants to ensure that his right to own and use bitcoin is not violated.
Leading candidates for the 2024 presidential election include former UN ambassador Nikki Haley, former Vice President Mike Pence, biotech entrepreneur Vivek Ramaswamy and the 82nd Judiciary under Obama, Others include Eric Holder, who served as secretary, and others.