Ron DeSantis, the governor of Florida, has officially announced his candidacy for United States Presidency in 2024, and his declaration comes with an exceptional promise to “protect” Bitcoin if elected.
DeSantis announced his intentions during a Twitter broadcast on May 24, 2023. Entrepreneur and Investor David Sacks moderated the announcement broadcast, and it attracted an audience of nearly 520,000 live listeners. Elon Musk, Twitter’s CEO, also tuned in for the broadcast.
In his announcement, DeSantis pledged to defend people’s freedom to engage in Bitcoin-related activities. While He acknowledged that there might their potential risks associated with digital assets, He expressed his belief that individuals interested in cryptocurrencies are intelligent and capable of making their own decisions.
DeSantis criticized lawmakers in Washington who seek to regulate society as “central planners.” He argued that their opposition to Bitcoin stems from their fear of losing control and perceiving it as a threat to their power. DeSantis highlighted the lack of congressional action on cryptocurrencies and criticized the bureaucracy for taking matters into its own hands.
The governor expressed concern that if President Joe Biden is re-elected in 2024, the regulatory framework for cryptocurrencies will stifle their growth and potentially lead to their demise. He emphasized his reluctance to exert excessive control over people’s activities in the cryptocurrency space, contrasting it with the negative stance he perceives from the current regime.
Ron DeSantis is also known for not supporting the idea of central bank digital currency (CBDC) and has firmly expressed his commitment to preventing its implementation in Florida. He stated that Florida residents would not accept a system that enables the government to monitor all their financial activities. He has raised concerns regarding their capacity to effectively track every transaction. Moreover, he has challenged the inclusion of a social credit score as a requirement for CBDC.
To address his concerns, DeSantis proposed a modification to Florida State’s Uniform Commercial Code in March 2023. This proposed change would explicitly prohibit the utilization of a CBDC supported by the Federal Reserve, as well as any CBDC issued by a central bank that possesses overseas reserves or has obtained international approval.
The United States will hold its presidential election in November 2024. Before that, the first GOP presidential primary debate of the 2024 cycle is expected to take place in August. Ron DeSantis is anticipated to participate in the debate alongside former President Donald Trump and other potential candidates.
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