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Declared support for Bitcoin
Florida Governor Ron DeSantis has announced that he is running for the Republican nomination for the US presidential election. He has said that if he is elected president, he will defend the cryptocurrency Bitcoin (BTC).
Mr. DeSantis also invited Elon Musk and others to hold a talk event at Twitter Space. At that meeting, he expressed his desire to nominate a presidential candidate and his thoughts on virtual currency. DeSantis said:
I think people should be able to use Bitcoin. If I am elected president, I want to protect people’s right to handle things like Bitcoin.
critical of CBDC
DeSantis supports private cryptocurrencies such as Bitcoin, but is critical of government-issued central bank digital currencies (CBDCs).
DeSantis said Wednesday that Florida is currently working on legislation to ban CBDCs in the state. He expressed concern over the government’s increased control over the people’s economy.
For example, if a government imposes a fine on a citizen, the digital dollar can be immediately withdrawn (from the person’s account) without due process.
In other words, the government has great power over the economic independence of its citizens.
He also mentioned the possibility that the CBDC could monitor the financial behavior of the people.
If the Federal Reserve (Fed) or the US Treasury were to unilaterally introduce a CBDC, it would be banned in Florida.
By doing so, we want to ensure people’s economic independence and avoid becoming a financial surveillance state where every transaction is caught by the authorities.
DeSantis also commented that there are people who want to get rid of cryptocurrencies because they cannot control them, with the Biden administration in mind. They also claim that they want to introduce a controllable CBDC instead of cryptocurrencies.
What are CBDCs
A digital currency issued by the central bank of a country or region. It stands for “Central Bank Digital Currency”. The big difference from virtual currency is that CBDC is a legal tender. While it is expected to reduce costs and improve efficiency in currency management and settlement, there are many issues to be considered, such as protection of personal information and privacy, security measures, and impact on the financial system.
Cryptocurrency Glossary
Kennedy Jr. supports cryptocurrencies
The candidates for the 2024 US presidential election are on the move. DeSantis is not the only candidate to voice his support for cryptocurrencies.
Robert F. Kennedy Jr., who announced that he is running for the Democratic nomination, announced on the 19th that he will accept donations for his campaign in Bitcoin. He said that if he is elected president, he wants to ensure that his right to own and use bitcoin is inviolable.
connection: US presidential candidate to accept donations of virtual currency bitcoin
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