Florida Governor Ron DeSantis Defends Crypto and Bashes the Idea of CBDCsJune 14, 2023
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Ron DeSantis – the republican governor of Florida – recently issued a statement defending digital currency.
Ron DeSantis is Clearly a Crypto Fan
DeSantis has taken issue with the ongoing, anti-crypto agenda enforced by the Biden administration. He stated that one of the big reasons Biden and his fellow, nation-hating democrats want to finish crypto forever is because they cannot control the industry. In the statement, DeSantis explained:
They don’t like crypto because they can’t control crypto. They want to get rid of crypto, which my view is if you want to invest in crypto, it’s up to you. You can do it. You can make those decisions.
As of late, Biden – who was billed as being the president that would allegedly place bitcoin and all neighboring digital currencies on the financial map – has done everything he can to ensure the lives of crypto fans and traders are as difficult as possible. For example, in 2021 – his first year in office – Biden initiated a new infrastructure bill that was secretly aimed at digital currency owners. They would be forced to report various digital currency transactions and their activities would likely come back to haunt them every April 15 beginning in the year 2024.
Biden has also worked to implement a new Obama-era policy that would prevent all crypto companies or businesses delving in blockchain from gaining access to traditional banking products (i.e., checking accounts) and services. Not long ago, he also proposed a 30 percent tax on all crypto mining companies as a means of pushing environmental change in the U.S. and controlling the alleged emissions of these enterprises.
Continuing, DeSantis explained he’s also very much against the notion of a central bank digital currency (CBDC) in that it would allow federal institutions and centralized banks to have more control over the financial activities of common people. He believes that crypto was built to help all users establish monetary independence and autonomy, and he doesn’t want them falling victim to the prying eyes of third parties and middlemen.
He was also quick to denounce the idea of a digital dollar created and issued by the federal government. This, he said, would give regulators far too much control and shut out everyday Americans who would be subjected to spying and rules detailing what they could and couldn’t do with the money they earned.
Keep CBDCs Out of the Mix!
The danger of the digital currency is that they want to make that the sole currency. They want to put everything in a central bank digital currency. I think that that’s fundamentally wrong, so we’re recognizing the dangers with this agenda.
DeSantis is an avid crypto investor himself. Financial statements from the year 2018 suggest that he has invested in bitcoin, Ethereum, and bitcoin cash.
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