1. BITBILIHome
  2. Article

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

• 51 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

  • Europe’s inflation is significantly higher than the US as wages experience growth 

    TL;DR Breakdown Europe is facing a more persistent inflation challenge compared to the United States. The US has recorded a 2.1 percent annualized expansion in the second quarter, raising optimism for a “soft landing” that controls inflation without a recession. Wage growth in Europe, particularly in the UK and the eurozone, has outpaced that in the United States. Description Europe is grappling with a more persistent inflation challenge than the United States. Investors and analysts are sounding alarms about the growing possibility of differences in economic outcomes and policy responses between the two sides of the Atlantic. In the past year, consumer price inflation in the US reached its highest levels in decades but … Read more Europe is grappling with a more persistent inflation challenge than the United States. Investors and analysts are sounding alarms about the growing possibility of differences in economic outcomes and policy responses between the two sides of the Atlantic. In the past year, consumer price inflation in the US reached its highest levels in decades but has since dropped considerably and is now notably…

    Article 2023年9月4日

  • U.S. House Committees present discussion draft to clarify regulatory framework for crypto assets

    TL;DR Breakdown U.S. House Financial Services and Agriculture Committees have released a discussion draft proposing a regulatory framework for the crypto industry. The draft bill aims to clarify by allowing certain digital assets to be classified as digital commodities. The legislation addresses concerns related to registration, custody, and the lack of clear rules in the crypto space. However, its progress in Congress remains uncertain without bipartisan support. Lawmakers from the United States House Financial Services Committee and House Agriculture Committee have taken a decisive step towards providing regulatory clarity in the cryptocurrency industry. To address longstanding concerns of regulatory ambiguity and the lack of clear rules, they have released a draft discussion offering a potential pathway for certain crypto assets to be classified as digital commodities. The proposed legislation aims to establish a functional framework that tackles the challenges faced by the industry. A framework for clarity The draft bill aims to prevent the U.S. Securities and Exchange Commission (SEC) from denying digital asset trading platforms the opportunity to register as regulated alternative trading systems. This regulatory move will enable…

    Article 2023年6月7日

  • Israel’s high-tech takedown of $1.7M in crypto from Iran military and Hezbollah

    TL;DR Breakdown Israel recovered $1.7 million in cryptos from the Iranian military and Hezbollah with the assistance of Chainalysis, demonstrating their involvement in illegal  funding and terrorist activities. Israeli authorities have previously seized cryptos belonging to the Hamas paramilitary wing in Gaza as part of its counter-terrorism efforts. The successful operation shows the necessity of law enforcement and blockchain analysis firms working together to combat crypto misuse, highlighting the need for worldwide coordination to combat new digital financial dangers. Description According to the Defense Minister and the crypto investigative organization, Israel has successfully seized $1.7 million worth of crypto from the Iranian military and Hezbollah, dealing a significant blow to illicit financing networks. The cutting-edge blockchain analysis tools that Chainalysis provided made this possible.  According to Chainalysis, the seizure of cryptos from Hezbollah and the … Read more According to the Defense Minister and the crypto investigative organization, Israel has successfully seized $1.7 million worth of crypto from the Iranian military and Hezbollah, dealing a significant blow to illicit financing networks. The cutting-edge blockchain analysis tools that Chainalysis provided made…

    Article 2023年6月30日

  • Top crypto tweets of the day – August 30th

    Description Contents hide 1 Bitcoin’s exchange supply was boosted significantly just prior to Grayscale’s win 2 DCG claims to have reached an in-principle agreement on its debt 3 ETF approval could open the floodgates and allow the everyday investor to get bitcoin 4 Total global wealth in terms of Bitcoin 5 Bitcoin fear and greed index … Read more Contents hide 1 Bitcoin’s exchange supply was boosted significantly just prior to Grayscale’s win 2 DCG claims to have reached an in-principle agreement on its debt 3 ETF approval could open the floodgates and allow the everyday investor to get bitcoin 4 Total global wealth in terms of Bitcoin 5 Bitcoin fear and greed index is 49 — neutral 6 Art NFTs have been the best-performing ETH NFT sector since 2022 7 Bitcoin ETF conversion of GBTC could draw “massive adoption” 8 Friend.tech loses growth steam 9 GBTC continues to narrow down 10 Traditional Finance players are gradually joining the crypto bandwagon 11 Over 92 million Worldcoin tokens set for unlock 12 OpenAI’s posts 37x growth in revenue 13 Whales &…

    Article 2023年8月31日

  • Curve DAO (CRV) implements a deflationary shift with a 15.9% emissions cut

    TL;DR Breakdown   The CRV token has made a significant deflationary shift, resulting in a 15.9% reduction in yearly emissions. Curve’s deflationary approach is systematic, following a predetermined schedule for emissions reduction. The protocol suffered a major exploit a few weeks ago, leading to a 31.59% drop in the CRV token’s value over the past month. Description Curve DAO (CRV) token has executed a significant deflationary shift. Consequently, the protocol’s yearly emissions have been slashed automatically on-chain. Data reveals a 15.9% decrease in CRV emissions, aligning with expectations. The prevailing Web3.0 landscape leans heavily towards deflation. This on-chain strategy aims to enhance value over time. Significantly, Bitcoin (BTC) and Litecoin (LTC) exemplify … Read more Curve DAO (CRV) token has executed a significant deflationary shift. Consequently, the protocol’s yearly emissions have been slashed automatically on-chain. Data reveals a 15.9% decrease in CRV emissions, aligning with expectations. The prevailing Web3.0 landscape leans heavily towards deflation. This on-chain strategy aims to enhance value over time. Significantly, Bitcoin (BTC) and Litecoin (LTC) exemplify this deflationary approach through halving. Annual CRV emissions reduced by…

    Article 2023年8月15日
TOP