Ron DeSantis is an active member of the cryptocurrency community. The politician believes that the victory of his closest rivals can destroy the cryptocurrency industry. Trump and Biden may be DeSantis’ main rivals in the elections.
In the fall of 2024, the sixtieth presidential election will take place in the United States. One of the candidates for US head of state is an active member of the cryptocurrency community: Ron DeSantis. This is what will happen to Bitcoin if it wins
Who is Ron DeSantis?
Ron DeSantis is an American politician and representative of the Republican Party. He was born in 1978 in Florida. The politician has been the governor of his home state since 2019. In 2023, he became one of the candidates for the presidency of the United States.
In the context of DeSantis’ candidacy, polls have shown that the politician has a close rival, former US President Donald Trump.
DeSantis’ significant lead over former US Vice President Michael Pence and former South Carolina Governor Nikki Haley prompted a closer look at the personality of a potential US presidential candidate. Many have noted his interest in cryptocurrencies.
DeSantis and Cryptocurrencies
Ron DeSantis is an active member of the cryptocurrency community. The politician has openly expressed his position on several occasions. Among other things, DeSantis criticized current regulators for putting pressure on the cryptocurrency industry, which in his opinion could lead to its collapse.
As part of his electoral program, the politician declared his willingness to protect Bitcoin in case of victory. If no one defends the cryptocurrency industry, he believes that the digital asset market will not last long.
DeSantis is also opposed to central bank digital currencies (CBDCs). In his opinion, putting such instruments into circulation could destroy the financial independence of the country’s citizens. For this reason, the politician proposed to ban CBDCs in Florida, which he controls.
DeSantis is not against expanding the possibilities of the use of cryptocurrencies. In fact, the politician is in favor of allowing citizens to pay taxes using digital assets. Unfortunately, local legislators have not supported the proposal.
DeSantis vs. Trump
DeSantis’ rival for the US presidency, Donald Trump, also has his own history with the crypto community. Initially, the politician planned to “get rid of Bitcoin”. In a June 2021 Fox Business interview, Trump called BTC a scam.
Despite his distaste for cryptocurrencies, Trump does not appear to be opposed to non-fungible tokens (NFTs) at all. The politician launched several token collections, which brought him around 1 million dollars.
It is worth noting that, in 2023, Trump became the main aggressor in the cryptocurrency market. The politician has proposed imposing a 30% tax on miners, as well as closing cryptocurrency tax loopholes, to replenish government coffers.
In short, Desantis’s victory in the US presidential election could bring significant support to the cryptocurrency industry, as the politician openly declares his positive attitude towards the new financial instrument and promises to support its development.
However, polls show the seat is likely to go to the politician’s main rival, former US President Donald Trump, or current US President Joe Biden.
By Audy Castaneda
