Ronald Desantis Candidates For US President, Crypto Industry In Uncle Sam's Country Will Rise?

Ron DeSantis is a candidate to become President of the US 2024. (Photo; Doc. Trustnodes)

JAKARTA Florida Governor Ronald Dion DeSantis, also known as Ron DeSantis, recently announced his intention to run for President of the United States in 2024. DeSantis is known as a pro-crypto figure.

In the nomination for Republican candidates, De Santis expressed his readiness to compete with former US President Donald Trump. Even so, De Santis has a different view from Trump. DeSantis is an active figure in supporting pro-crypto policies and firmly opposes the Central Bank Digital Currency (CBDC). While Trump is a cryptocurrency critic.

DeSantis conveyed his candidacy for Twitter Spaces with Tesla boss Elon Musk, Wednesday, May 24. During the event, Musk expressed his regret for choosing Joe Biden in the 2020 election. The Tesla and SpaceX founders found a common view with DeSantis, especially in terms of free speech.

Not only that, both of them also have a positive view of cryptocurrencies. Under the current administration of Joe Biden, the US crypto industry must face tough challenges from regulators as a result of Biden's anti-crypto policy.

DeSantis regrets the actions of the US government under the Biden administration who is trying hard to destroy the crypto industry. This is reflected in regulatory actions that are tough on the main players in the cryptocurrency space.

According to DeSantis, every citizen has the right to use digital assets such as Bitcoin. In the Twitter Spaces event, DeSantis admitted that he would fight the ban on the use of crypto assets.

"As President, we will protect the ability to do things like Bitcoin," said De Santis.

In contrast, the Biden administration has shown interest in developing the Central Bank Digital Currency (CBDC) which will be published by the central bank. Biden assessed that CBDC could bring the United States' financial infrastructure to a digital era.

On the other hand, De Santis and several other Republican members opposed the CBDC. Because the CBDC is under the control of the central bank, aka centralized. This contradicts the main concept of cryptocurrency, namely decentralization. Where everyone freely and transparently owns and manages their respective finances without having to be controlled by the central authority.

Commenting on the CBDC, DeSantis stated, "I see it as a massive transfer of power from individual consumers to central authorities, and I think it's not good for a free society," said DeSantis.

"The current regime - obviously they don't like Bitcoin, and if this continues for another four years, they might kill him," he added.

DeSantis is not alone in supporting cryptocurrencies. Another presidential candidate from the Democratic party, Robert F. Kennedy also has a much different view. Kennedy promised that every citizen who owns and uses Bitcoin will be protected. Then there is the Mayor of Miami, Francis Suarez who also supports Bitcoin and cryptocurrencies. According to Suarez, cryptocurrencies have an advantage over fiat money.

The political battle in the US, especially regarding the support of future US presidential candidates for crypto and CBDC, seems to continue. Because politicians have different views on the role of crypto in the modern financial system.