Ron Desantis promises to protect Bitcoin and oppose a CBDC as president

Gunnar Larson g at xny.io
Sat May 27 12:04:09 PDT 2023


https://cryptoslate.com/ron-desantis-promises-to-protect-bitcoin-and-oppose-a-cbdc-as-president/


Florida governor Ron Desantis came out in support of Bitcoin and in
opposition to central bank digital currencies in his official announcement
of his presidential candidacy.

Desantis formally announced his presidential run on Twitter Spaces with
Elon Musk and venture capitalist David Sack on May 24. DeSantis has become
a frontrunner in the Republican Party since Donald Trump failed to secure
reelection in 2020 and his candidacy has been widely anticipated.

DeSantis spoke about his plans “to lead our great American comeback,” which
involves tackling the big issues with unfettered immigration, spiraling
crime, and restoring economic sanity, including supporting Bitcoin rights
and reversing the digital dollar.

DeSantis gives a pro-Bitcoin take
During the hour-long Spaces, DeSantis spoke mostly about his concerns about
what he calls “the left-wing agenda,” which he argues is authoritarian and
overreaching. In his Twitter space, DeSantis extended his thinking to
crypto.

Touching upon what some in the crypto community have dubbed “Operation
Choke Point 2.0,” DeSantis said people have a right to hold Bitcoin and
transact with it, arguing that the government is waging war on crypto
because it is outside the scope of its authority.

He expressed concern that Bitcoin might not survive another four years of
U.S. regulatory hostility.

No to central bank digital currencies
Ron DeSantis said, “We are not doing a central bank digital currency
(CBDC)” if I become U.S. President in 2024.

Last month, Florida passed legislation to prevent a CBDC from being
recognized as money in the state. DeSantis said Florida was the first to
make a legislative stand.

Senate Bill 7054 aims to protect Floridians’ rights by prohibiting a CBDC
from being treated as money under the Florida Uniform Commercial Code.

The event suffered technical difficulties due to systems being unable to
cope with 600,000 listeners tuning in simultaneously. It was noted that 2.4
million had heard the show – ranking it among the most popular Twitter
Spaces this year.
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