IMPORTANT POINTS:
- Ron DeSantis believes that the government wants to regulate Bitcoin to make it disappear.
- The Florida governor defends the right of people to use Bitcoin and criticizes the government’s lack of control over the cryptocurrency.
- DeSantis opposes anti-Bitcoin legislation and central bank digital currencies, arguing that they put financial independence and privacy at risk.
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In a Twitter Spaces session with Elon Musk and tech investor David Sacks, Ron DeSantis, the current governor of Florida and Republican candidate for president of the United States, criticized the approach of the current administration led by President Joe Biden in relation to Bitcoin., stating that they will “probably end up killing it” if the current regulatory crackdown continues.
“Bitcoin represents a threat to them. They are trying to regulate it until it disappears. You have every right to use Bitcoin. The only reason these people in Washington don’t like it is because they don’t control it.”Ron DeSantis
Michael Saylor, founder of MicroStrategy, shares that view as earlier in the month he described Bitcoin as the “king of commodities” and warned that “money is dying all over the world” , referring to the weakening power of currencies. fiat and runaway monetary inflation.
DeSantis, Musk, and Sacks also addressed the topic of central bank digital currencies (CBDCs). The 44-year-old governor has vowed to oppose anti-Bitcoin legislation in Congress, noting his anti-CBDC stance. He argued that the digital dollar puts the financial independence and privacy of business owners and citizens at risk, which is why he banned CBDCs in Florida.
Like other global economies, the US Federal Reserve is also exploring the pros and cons of launching a CBDC to compete with China’s digital yuan. Like DeSantis, however, several US officials have opposed the idea of a digital dollar, labeling it a financial surveillance tool.
