In an unexpected development, US presidential candidate Ron DeSantis has vowed to defend Bitcoin and other cryptocurrencies from President Joe Biden’s “crypto war.” DeSantis’ vow is viewed as a risky move that seeks to earn the support of cryptocurrency fans and investors across the country, given the rising popularity and usage of digital currencies.
DeSantis, the current governor of Florida and a rising star in the Republican party has proactively defended the decentralized character and potential economic advantages of cryptocurrency. His promise to defend Bitcoin against Biden’s suggested regulatory crackdown on the sector marks a substantial shift from conventional Republican views on regulation">financial regulation.
During his speech last Monday at a campaign rally in New Hampshire, he emphasized, “We are going to let Americans invest in things like bitcoin and cryptocurrency. No one’s forcing you to do it. If you want to do it, you can do it. Biden’s war on bitcoin and cryptocurrency will come to an end when I become president.” DeSantis repeatedly emphasized his vow to stop the Federal Reserve from creating a central bank digital currency, saying that if elected president, he will scrap the idea on his first day in office and make sure it doesn’t happen.
He highlighted the possible risk to American liberty posed by the Federal Reserve’s intention to move towards a cashless society and restrict cryptocurrencies in favor of a central bank digital currency. He underlined that he recently signed legislation in Florida that forbids the acceptance of a central bank’s digital money. Furthermore, DeSantis promised to defend the right to use Bitcoin, saying that as president, people should be able to do so without interference from the government.
