The U.S. is making quite some noise for an array of reasons. Issues related to its debt ceiling have been surfacing as BRICS continue to take down the dollar. Amid this economic uncertainty, Ron DeSantis, the Governor of Florida, has taken a stance in favor of cryptocurrency by advocating for pro-crypto policies as part of his 2024 Presidential campaign.
JUST IN: 🇺🇸 Ron DeSantis vows to protect #Bitcoin rights as president.
— Watcher.Guru (@WatcherGuru) May 24, 2023
In a recent Twitter Spaces conversation with Elon Musk, the topic of discussion revolved around their views on the crypto industry. The conversation then shifted towards the potential impact on the crypto space if Joe Biden were to be reelected as President. Elon Musk expressed regret for voting for Biden in the 2020 election, noting that he preferred a regular person as the President and wasn’t particularly interested in supporting Trump. DeSantis wasn’t pleased with the current government either. He warned the listeners as well as Musk that Bitcoin [BTC] could face significant challenges and potentially meet its demise if Joe Biden extends his term in office. He added,
“Bitcoin represents a threat to them. They’re trying to regulate it out of existence. The current regime they have it out for Bitcoin. And if it continues for another four years, they’ll probably end up killing it.”
Here’s what DeSantis thinks about Bitcoin
Cryptocurrencies have toiled in the U.S. These assets continue to be a for power struggle between the Securities and Exchange Commission [SEC] and the Commodity Futures Trading Commission [CFTC]. These regulatory agencies have been grappling with the classification, oversight, and regulation of crypto assets. This has further created uncertainty and a complex environment for these assets to operate within the country. Therefore, several profitable firms have opted to expand their operations outside of the country.
DeSantis made a firm commitment to oppose any attempts by Congress to ban crypto like Bitcoin. He emphasized his strong opposition to such measures. He further said,
“You have every right to do Bitcoin. The only reason these people in Washington don’t like it is because they don’t control it.”
Additionally, at press time, BTC was trading for $26,204.86 with a 2.09% daily drop.