Will the cryptocurrency policy in the US and Canada see a new direction in the 2024 presidential election?

Will the US and Canada's cryptocurrency policies change in the 2024 presidential election?

Author: DeepChain Translation: Deep Sister

Express Support for Bitcoin

Florida Governor Ron DeSantis announced that he will run for the Republican nomination for the US presidential election. He has stated that if he is elected president, he will defend the cryptocurrency Bitcoin (BTC).

Mr. DeSantis also invited people like Elon Musk to hold a conversation event on Twitter SBlockingce. The audience of this Twitter space reached 300,000.

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Mr. DeSantis expressed his desire to be nominated as a presidential candidate and expressed his views on virtual currencies.

I think the use of Bitcoin should be expanded. If I become president, I promise to defend the freedom to use cryptocurrencies such as Bitcoin.

DeSantis, the Republican candidate for the 2024 presidential election, is widely regarded as a close ally of former President Donald Trump and is highly respected by Trump supporters. He has been positive about cryptocurrencies for a long time.

In addition, in May 2021, we will sign a bill that clearly defines virtual currency in state law and allows individuals to trade virtual currency without permission. In March 2022, Florida believed that companies should be able to pay taxes on cryptocurrency assets. These measures have earned Florida a reputation as a cryptocurrency-friendly community.

Criticism of CBDC

DeSantis supports private cryptocurrencies such as Bitcoin, but is critical of government-issued central bank digital currencies (CBDCs).

DeSantis said on Wednesday that Florida is currently drafting legislation to ban CBDCs in the state. He expressed concern about the government’s increased control over people’s economy.

For example, if the government fines citizens, digital dollars can be immediately withdrawn (from the person’s account) without due process.

In other words, the government has tremendous power over the economic independence of its citizens.

He also mentioned the possibility that CBDCs could monitor people’s financial behavior.

If the Fed or the US Treasury unilaterally introduces CBDCs, it will be banned in Florida.

By doing so, we hope to ensure people’s economic independence and avoid being a financial regulatory country where every transaction is caught by the authorities.

DeSantis also commented that some people want to get rid of cryptocurrencies because they cannot control them, which is related to the Biden administration. They also claimed that they want to introduce controllable CBDC instead of cryptocurrencies.

Little Kennedy Supports Cryptocurrency

The candidates for the 2024 US presidential election are already in action. DeSantis is not the only candidate who has expressed support for cryptocurrencies.

Robert F. Kennedy Jr., who announced his candidacy for the Democratic nomination, announced on the 19th that he will accept bitcoin campaign donations. He said that if he is elected president, he hopes to ensure that his right to own and use bitcoin is not violated.

The major candidates for the 2024 presidential election include former UN ambassador Nikki Haley, former Vice President Mike Pence, biotech entrepreneur Vivek Ramaswamy, and the 82nd justice department under the Obama administration, as well as Eric Holder, who served as secretary.

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