Ron DeSantis recently confirmed they are working so that businesses accept BTC as a payment method in his state. The US government is considering developing a CBDC, which DeSantis believes poses a risk to the nation.
Although the United States has not yet established a national standard concerning cryptocurrencies, some states have already decided. Having the autonomy to do so, Florida has taken the lead in working toward accepting tax payments in Bitcoin (BTC).
Governor Ron DeSantis confirmed that when he signed a bill on the financial education curriculum. He said that they were working to find ways for companies to pay taxes in cryptocurrencies. The official added that they should be willing to accept Bitcoin for payments in Florida.
DeSantis expects the payment of taxes in BTC to prosper, unlike his desire to experiment with distributed ledger technology. The US Congress did not approve that bill, the same as many other ideas involving the use of cryptocurrencies.
New York governor Eric Adams is also interested in BTC and has even decided to receive his salary in the cryptocurrency. However, his state has not yet been able to embark on that path.
The Governor Is Concerned about the Launch of a Digital Dollar
The idea of the United States launching a Central Bank Digital Currency (CBDC) does not entirely convince DeSantis. He even believes that would pose a risk to one of the most prominent nations.
He expressed that he was concerned about the amount of power accumulated in the hands of a central authority. It would be able to close access to certain goods, putting the country in uncharted territory.
DeSantis is also concerned about the executive order on digital assets signed by President Joe Biden. The governor also delved into a digital dollar to replace the fiat currency and demanded recommendations about the crypto ecosystem.
US National Economic Council (NEC) director Brian Deese and National Security Adviser Jake Sullivan made a joint statement discouraging DeSantis. They said that financial innovation has often failed to benefit citizens while increasing financial risk and inequality. They highlighted the need to build strong consumer and economic protections when developing digital assets.
Details about the Measures Included in the Biden Executive Order
The Biden executive order on digital assets states that it aims to protect American investors, consumers, and businesses. It also indicates that it will encourage the Financial Supervisory Council (FSC) to reduce local and global potential financial risks.
The document also addresses financial foul play and national security risks due to the misuse of digital assets. In addition, it seeks to promote financial inclusion by fostering secure trading of digital assets within the US economic system.
The US government wants to explore the development of its CBDC to protect the country. Besides, they aim to support responsible innovation in the age of digital economies to prove their leadership in that area.
The governor of Florida shares the same concerns as many other Americans and citizens worldwide. Meanwhile, he seeks to provide alternatives to users and turns to cryptocurrencies to strengthen finances.
By Alexander Salazar
