• DeSantis argued that the CBDC rollout is a tool for government surveillance and control tool that is against private affairs and he will ban it as soon as he gets into power.
• The Republican politicians have argued Bitcoin and other crypto assets give people power from the Federal Reserve control.

The adoption of digital assets and Central Bank Digital Currency (CBDC) in the United States has remained a controversial subject, more so to the 2024 million residential candidates who desperately want to obtain favor with investors. Moreover, a recent study conducted by Triple-A shows nearly a third of the American population is invested in the digital asset industry. By aligning with the crypto investors in the different states, the presidential candidates from both sides of the political aisle understand they have a higher chance of getting more votes.

Nonetheless, the Biden administration has remained hostile toward the cryptocurrency market, especially since the implosion of FTX. Moreover, the White House has severally informed Congress that all crypto assets are unregistered securities and the digits dollar can perform better in payments.

DeSantis Argues Against CBDC for Bitcoin

According to the current Florida Governor and GOP presidential candidate Ron DeSantis, while speaking at the Family Leadership Summit in Iowa last Friday, if the American people vote him into the highest office, the first agenda would be banning the rollout of a CBDC.

“Done, dead, not happening in this country,” DeSantis argued. “If I am the president, on day one, we will nix central bank digital currency.”

Notably, DeSantis will be competing head-to-head with former United States President Donald Trump, who has issued mixed signals for the digital asset economy. For instance, Trump has argued that the United States dollar should supersede all other currencies. At the same time, the real estate billionaire has issued several NFTs to his followers to raise money for his 2024 presidential campaign.

On the other hand, DeSantis has strongly bashed the rollout of a digital dollar in favor of Bitcoin and other crypto assets. Furthermore, the current Florida governor earlier this year signed a bill to prohibit the rollout of a federally controlled CBDC in his jurisdiction. Additionally, DeSantis called on all like-minded state governors to implement a similar restriction against the current regime from rolling out a digital dollar. 

Moreover, DeSantis argued that the digital dollar highly undermines the role of community banks and credit unions in the financial markets.

“The Biden administration’s efforts to inject a Centralized Bank Digital Currency is about surveillance and control,” DeSantis noted.

On the contrary, DeSantis has argued for the adoption of Bitcoin and other crypto assets that gives people power and freedom over their financial aspects. Furthermore, Bitcoin is a decentralized digital asset that is widely adopted as a form of payment and investment commodity.

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