Back to the list

Florida Governor Offers Support for Crypto, Vows to Protect Bitcoin if Elected as President

source-logo  coinspeaker.com 25 May 2023 10:04, UTC

The Florida governor highlighted Congress’s deliberate acts of never addressing cryptocurrencies, describing them as a bureaucracy that just loves to impose its will.

Ron DeSantis, the current Florida governor, and 2024 presidential aspirant, has pledged to support Bitcoin and other cryptocurrencies if he’s elected to office. Announcing his bid via a broadcast on the social media platform Twitter on May 24, DeSantis told the 520,000 listeners, including billionaire investor and Tesla CEO Elon Musk, that he would protect Bitcoin as well as support people’s right to engage in crypto transactions.

DeSantis in the Twitter space, which was moderated by venture capitalist David Sacks, called out the current administration, accusing them of sabotaging Bitcoin and adding that the regime will probably end up killing the digital coin in four years if they continue with the current trend.

The Florida governor stated that he sees cryptocurrencies as a civil liberties issue, stating that people on Capitol Hill are only against them because they don’t control them.

“As president, we’ll protect the ability to do things like Bitcoin,” DeSantis stated. “There are risks involved with it,” but the people interested in cryptocurrency “are sophisticated” and “can make decisions,” he added.

DeSantis also described the notion that he has an itch to control everything in the crypto space as false, stating that the current US administration is trying to regulate Bitcoin out of existence because it represents a threat to them. The Florida governor has been an advocate for cryptocurrencies for some time now and even approved legislation that forbade the use of central bank digital currencies within the state.

DeSantis also promised listeners on the Twitter space that he would aggressively oppose any attempt by Congress to impose a ban on “things like Bitcoin” by adopting new laws. In addition, he warned that if Biden wins reelection, the present administration might put an end to Bitcoin.

The Florida governor also highlighted Congress’s deliberate acts of never addressing cryptocurrencies, describing them as a bureaucracy that just loves to impose its will and has deliberately created this toxic atmosphere where people cannot operate in the crypto space.

DeSantis also opposed the establishment of a central bank’s digital currency in the Twitter space and pledged not to employ a CBDC during his prospective presidency because of worries that it could be abused to sway politically unfavorable actions.

He also maintained that a CBDC will not be good for a free society as it will be a massive transfer of power from individual consumers to a central authority.

“You must get authorization from Congress,” DeSantis said of a CBDC. “I can tell you, if I’m president, we are not doing a central bank digital currency,” he said.