In a major announcement, Florida’s current governor, Ron DeSantis has officially declared his bid for the 2024 US presidency. During his campaign launch in a Twitter Spaces event with Elon Musk, the governor emphasized his commitment to protecting Bitcoin (BTC) and ensuring its continued growth and development in the United States.
As one of the most popular and widely used cryptocurrencies in the world today, Bitcoin has become an increasingly important part of the global economy. However, many politicians and regulators have expressed concerns about the potential risks and challenges associated with its widespread adoption, thereby making Florida’s governor stand out.
What Does this Commitment to Bitcoin Protection Actually Mean?
Notably, DeSantis has made it clear that he believes in the power of blockchain technology and the transformative impact it can have on businesses and consumers alike. He further argues that by protecting Bitcoin and other cryptocurrencies, the United States can lead the way in developing new and innovative financial technologies that benefit everyone.
Additionally, he promised to invest in cutting-edge research and development initiatives that explore new applications for blockchain technology, such as Decentralized Finance (DeFi), digital identity verification, and supply chain management. By doing so, he hopes to position the United States as a global leader in the field of blockchain and cryptocurrency, thereby paving the way for a brighter, more innovative, and more decentralized future.
Recall that early this month, DeSantis noted that the sunshine state will move against any kind of Central Bank Digital Currency (CBDC) in the state, with lawmakers advancing legislation that could be on his desk within the next couple of weeks. He also said any form of regulation over cryptocurrencies should be up to Congress, and that he would kick against any kind of ban should it emerge.
Meanwhile, there is still a way out before the United States heads to the polls in November 2024, although it is possible that DeSantis will have to face off against Donald Trump and others at the presidential primary debate in the 2024 cycle, slated for August.
Just recently announced, Ark Invest, an investment management firm led by Cathie Wood, warned that the US risks losing its position as a leading crypto hub if it fails to provide clear regulatory guidelines for digital assets.
