1. BITBILIHome
  2. Article

Florida Governor makes bold promise to protect Bitcoin in US presidential bid

• 139 views

TL;DR Breakdown

  • Florida Governor Ron DeSantis has officially made a notable promise to “protect” Bitcoin if elected. 
  • DeSantis expressed his commitment to preserving the ability to engage in activities related to Bitcoin.
  • The governor also alluded to the ongoing jurisdictional battle involving the Securities and Exchange Commission (SEC) and cryptocurrencies.

Florida Governor Ron DeSantis has officially announced his candidacy for the 2024 United States presidential election, and he has made a notable promise to “protect” Bitcoin if elected. During his announcement, which was live-streamed on Twitter and moderated by venture capitalist David Sacks, Elon Musk, the CEO of Twitter, joined DeSantis and approximately 520,000 live listeners.

DeSantis expressed his commitment to preserving the ability to engage in activities related to Bitcoin, acknowledging that there are risks involved but emphasizing that those interested in the cryptocurrency are sophisticated and capable of making their own decisions. He criticized the politicians in Washington, referring to them as “central planners” who desire control over society, suggesting that their aversion to Bitcoin stems from their inability to manipulate or regulate it. According to DeSantis, these politicians view Bitcoin as a threat and are attempting to regulate it out of existence.

Florida’s governor also alluded to the ongoing jurisdictional battle involving the Securities and Exchange Commission (SEC) and cryptocurrencies. Gary Gensler, the current chair of the SEC, has claimed authority over the crypto space. DeSantis argued that since Congress has never addressed cryptocurrencies, the SEC has taken it upon itself to regulate the industry, hindering people’s ability to operate in that space.

Florida Governor on crypto regulation

DeSantis expressed his reluctance to exert control over everything individuals do in the cryptocurrency space, criticizing the current regulatory regime for its hostility towards Bitcoin. He also suggested that if President Joe Biden were to be re-elected in 2024, the regulatory environment for cryptocurrencies under his administration would likely be detrimental to the industry.

In May, DeSantis signed an anti-central bank digital currency (CBDC) bill in Florida, prohibiting the use of a federal CBDC as money and banning the use of foreign CBDCs.

While the 2024 presidential election is still a few years away, it is anticipated that DeSantis will compete against former President Donald Trump and other contenders in the Republican Party’s primary debates, scheduled to begin in August.

Other presidential candidates from both parties have also shown support for Bitcoin. Democratic candidate Robert F. Kennedy Jr. referred to Bitcoin as a “symbol of democracy and freedom” during a speech at the Bitcoin 2023 conference. Kennedy became the first presidential candidate in U.S. history to accept campaign donations in Bitcoin, followed shortly after by Republican candidate Vivek Ramaswamy.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Florida Governor makes bold promise to protect Bitcoin in US presidential bid

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年5月26日 23:26
Next 2023年5月27日 00:57

Related articles

  • Cryptocurrency surge steals stablecoin market’s spotlight

    TL;DR Breakdown Despite a 50% surge in the cryptocurrency market to $1.2 trillion in 2023, the stablecoin sector shrank nearly 8% to a two-year low of $127 billion. Investors, seeking higher returns, may be moving from stablecoins to appreciating cryptocurrencies like Bitcoin and Ether. Several stablecoin issuers faced unique issues this year, pushing some investors to shift to other assets. Description The virtual currency landscape is currently buzzing as most cryptocurrencies enjoy considerable appreciation this year, outshining the usually steady market of stablecoins. The growing appeal of these digital assets is leading to a striking phenomenon – a contraction in the stablecoin market, despite the generally bullish trend in the cryptocurrency sector. Stablecoins: A sinking island … Read more The virtual currency landscape is currently buzzing as most cryptocurrencies enjoy considerable appreciation this year, outshining the usually steady market of stablecoins. The growing appeal of these digital assets is leading to a striking phenomenon – a contraction in the stablecoin market, despite the generally bullish trend in the cryptocurrency sector. Stablecoins: A sinking island in a rising tide Traders typically…

    Article 2023年7月23日

  • US senators aim at SEC, call for crypto regulatory clarity amid Coinbase lawsuit

    TL;DR Breakdown Senators Cynthia Lummis and Bill Hagerty criticize the SEC for its lawsuit against Coinbase. They argue that the SEC’s “regulation by enforcement” approach lacks clarity and fails to provide a favorable regulatory environment for digital asset exchanges. Senator Hagerty accuses the SEC of weaponizing its role and criticizes its refusal to allow Coinbase to register despite approving its public listing. In a surprising turn of events, two prominent US senators have come forward to criticize the Securities and Exchange Commission (SEC) for its recent lawsuit against Coinbase, the largest American cryptocurrency exchange. The senators, Cynthia Lummis and Bill Hagerty argue that the SEC’s regulatory approach harms consumers and stifles innovation in the crypto industry. The SEC filed a lawsuit on June 6, accusing Coinbase of violating securities laws by operating as an unregistered broker, exchange, and clearing agency. The regulator also claimed that the exchange offered unregistered securities through its Staking Program, including tokens like Cardano (ADA) and Solana (SOL), without proper registration. However, Senator Lummis believes that the SEC’s “regulation by enforcement” approach is misguided and fails…

    Article 2023年6月12日

  • BRICS bank expands local currency loans

    TL;DR Breakdown The New Development Bank (NDB) plans to increase local currency loans to 30% from the current 22% to reduce dependency on the US dollar and foreign exchange risks. NDB’s President announced this strategic shift toward a diversified global currency system and stressed that no single currency would likely dominate the world’s currency system in the future. The New Development Bank (NDB), colloquially recognized as the BRICS bank, is charting a new path to reduce reliance on the US dollar by expanding its portfolio of loans in local currencies. The Shanghai-based lender, conceived by the BRICS countries – Brazil, Russia, India, China, and South Africa – aims to navigate away from the hegemony of a single global currency and seeks a diversified currency system. The current President of the NDB, Dilma Rousseff, emphasized the importance of such diversity, “We will increasingly see local currencies deployed to settle trade,” she declared. This bold stance envisions a future where no single currency dominates the world’s currency system, thus encouraging economic equilibrium. BRICS bank transitioning to local currencies Rousseff unveiled the bank’s…

    Article 2023年6月4日

  • Thailand imposes stricter crypto regulations, prioritizing investor protection

    TL;DR Breakdown Thailand’s SEC has banned crypto exchanges from offering lending services, mirroring a similar move by Singapore​. The rules, influenced by past crypto crises, prohibit using customer funds for lending or investment. New investor suitability assessments will limit how much users can invest in cryptocurrencies, effective from July 31, 2023​ Description Thailand’s Securities and Exchange Commission (SEC) has enacted a series of guidelines for digital asset service providers. Following a similar action by Singapore, Thailand has become the second Southeast Asian country to ban crypto exchanges from offering lending services​. This development is the result of discussions that began in September 2022, with the primary objective … Read more Thailand’s Securities and Exchange Commission (SEC) has enacted a series of guidelines for digital asset service providers. Following a similar action by Singapore, Thailand has become the second Southeast Asian country to ban crypto exchanges from offering lending services​. This development is the result of discussions that began in September 2022, with the primary objective of enhancing the security of cryptocurrency investors. A key feature of these regulations is a…

    Article 2023年7月6日

  • CYBER replaces Friend.Tech – Are investors wrong yet again?

    TL;DR Breakdown Just like Friend.Tech, CyberConnect (CYBER) is a social media network that allows developers to create applications focused on content and friendship. CYBER price is up 250% in the past seven days due to the massive interest from traders.  The crypto market volatility has investors questioning if CYBER is another wrong market investment. Description CYBER takes over the market frenzy. In the ever-changing landscape of social networking platforms, change is the only constant. Case in point: the seismic shift caused by CYBER replacing Friend.Tech as the go-to social media platform for millions of users around the globe. Friend.Tech was once hailed as the “next big thing,” a harbinger of … Read more CYBER takes over the market frenzy. In the ever-changing landscape of social networking platforms, change is the only constant. Case in point: the seismic shift caused by CYBER replacing Friend.Tech as the go-to social media platform for millions of users around the globe. Friend.Tech was once hailed as the “next big thing,” a harbinger of an evolved social media landscape.  But in what seems like a blink…

    Article 2023年9月3日
TOP