If he wins the Republican nomination and becomes president, Florida Governor Ron DeSantis has promised to halt the so-called “war on Bitcoin” and other cryptocurrencies started by the Biden administration.
At a recent campaign speech, DeSantis vowed to eliminate CBDCs if elected president. He had previously signed a statute in Florida prohibiting CBDCs. Despite the prospect of Congress overriding his decision, DeSantis was sure that the Federal Reserve would uphold his stand, media reports said.
DeSantis gave an impassioned speech, assuring the crowd that they could safely invest in Bitcoin and other cryptocurrencies. He added that people should be able to make their own decisions about whether or not to invest in the Bitcoin market because financial independence is important.
According to the Governor, the Securities and Exchange Commission (SEC) began cracking down on bitcoin trading during the presidency of Joe Biden. According to him, the SEC picked bitcoin and other cryptocurrencies because of the agency’s contention that certain digital tokens constituted unregistered securities. The watchdog has sued major exchanges like Binance and Coinbase for aiding the selling and acquisition of digital currencies and other cryptocurrencies.
To eliminate the hostility he claims to have encountered while in office, DeSantis has pledged to alter the present environment and make the United States more welcoming to individuals who deal with cryptocurrencies.
