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Florida Governor Ron DeSantis Announces Presidential Bid, Vows to Defend Bitcoin

Emphasis on Bitcoin Advocacy and Opposition to Centralized Digital Bank Currency

Thu, 25 May 2023, 14:18 pm UTC

In a recent virtual event on Twitter Spaces, Florida Governor Ron DeSantis made a significant announcement regarding his bid for the presidency, placing a particular emphasis on his defense of Bitcoin. DeSantis assured the audience that, if elected in next year's election, his presidential tenure would safeguard the rights of individuals to engage in Bitcoin transactions. The announcement drew a live audience of over 300,000 listeners.

Earlier this month, DeSantis took a bold stance by prohibiting any form of centralized digital bank currency in Florida, reflecting his belief that Bitcoin stands against the aspirations of central administrators seeking societal control. According to his perspective, any potential regulations concerning cryptocurrencies should primarily be addressed by Congress, and he vowed to oppose any potential prohibitions.

As a Republican, Governor DeSantis is focusing on the primaries, aiming to outperform former President Donald Trump. He has previously expressed support for decentralized cryptocurrencies, acknowledging their potential risks while advocating for individuals to have the freedom to make their own choices.

DeSantis openly expressed his reluctance to exert control over all aspects of the emerging crypto field, highlighting a perceived bias against Bitcoin among current leadership. He warned that if this attitude persists, the existence of Bitcoin may be threatened in the next four years.

Governor DeSantis's remarks align with the ongoing conflict between crypto exchanges like Coinbase and U.S. regulators. These exchanges have raised concerns that regulatory ambiguity in the United States may drive the crypto industry offshore. A recent report from Ark Invest, led by Cathie Wood, further suggested that the U.S. risks losing its leading position in the global crypto space to nations such as the United Arab Emirates, South Korea, Australia, and Switzerland.

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