• Ron DeSantis pledges to prohibit central bank digital currencies (CBDCs) if he becomes the President of the United States.
• DeSantis sees Bitcoin as a safeguard against government control and expresses support for the cryptocurrency market.

DeSantis Firmly Opposes CBDCs

According to a report from Yahoo Finance, Florida Governor Ron DeSantis, who is also a Republican presidential candidate, continues his crusade against central bank digital currencies (CBDCs) and promises to implement a ban on them if elected as the next President of the United States. Speaking at the Family Leadership Summit in Iowa, DeSantis firmly declared,

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

DeSantis has been a vocal critic of CBDCs, citing concerns about government-sanctioned surveillance. In fact, he signed a bill in March to prohibit the use of a national CBDC as legal tender within the state of Florida.

Embracing Bitcoin as a Defense against Government Control

While DeSantis remains critical of CBDCs, he holds a favorable view of the broader cryptocurrency market. He considers the use of cryptocurrencies to be a matter of civil liberty and even describes Bitcoin (BTC) as a “threat to the current regime.” This perspective aligns with his belief that CBDCs would grant excessive control to the government, jeopardizing individual privacy and financial autonomy.

The Significance of Bitcoin in the 2024 Presidential Election

As previously reported by CNF, the role of Bitcoin in American society and politics is expected to be significant as the 2024 presidential election approaches. With a considerable number of Americans already invested in cryptocurrencies, the Bitcoin market will likely have an influence on the upcoming election. Ron DeSantis, the Republican Governor of Florida and a presidential candidate, has expressed his support for the Bitcoin market. Furthermore, DeSantis opposes the establishment of a digital dollar, drawing parallels with the actions of the Chinese Communist Party concerning the digital yuan.

During a Twitter space conversation with tech billionaire Elon Musk and venture capitalist David Sacks, DeSantis expressed his belief that the current administration feels threatened by Bitcoin due to its lack of control over the decentralized currency. It is worth noting that the United States currently holds more than 200,000 Bitcoins, primarily seized from the Silk Road darknet marketplace.

DeSantis considers the Biden administration a significant threat to Bitcoin if reelected for another four years, as their approach to cryptocurrencies appears to prioritize increased control and regulation. As the presidential race unfolds, the future of digital currencies and their regulation in the United States hangs in the balance.

Recommended for you:

• Buy Bitcoin Guide
• Bitcoin Wallet Tutorial
• Check 24-hour Bitcoin Price
• More Bitcoin News
• What is Bitcoin?