HomeNewsNo Room for CBDCs Under DeSantis, Bitcoin to Reign Supreme!

No Room for CBDCs Under DeSantis, Bitcoin to Reign Supreme!

- Advertisement -
  • Presidential candidate and Florida Governor Ron DeSantis pledges to ban Central Bank Digital Currencies (CBDCs) across the US if elected.
  • DeSantis supports Bitcoin, viewing it as an issue of civil liberty and a threat to the prevailing regime.

Pivoting towards a digital-first stance, Ron DeSantis, the Governor of Florida and a presidential candidate from the GOP, affirmed his disapproval of Central Bank Digital Currencies (CBDCs). If elected to the White House, DeSantis assured a swift termination of CBDCs across the United States.

In a public statement made during the Family Leadership Summit in Iowa, DeSantis didn’t mince words on the subject.

“If I am the president, on day one, we will nix central bank digital currency,”

declared DeSantis, quelling any speculation about his stand on CBDCs in the United States.

A Staunch Dissenter of CBDCs

DeSantis has consistently vocalized his concerns about CBDCs, particularly warning against the “government-sanctioned surveillance” they may facilitate. This digital incarnation of fiat currency, issued and regulated by a country’s central bank, has been steadily gaining traction globally. Yet, it has sparked polarizing debates among political factions in the United States.

Earlier this year, as Governor of Florida, DeSantis made his stance against CBDCs manifest by signing a legislative act that effectively barred the use of any national CBDC as a legal tender within the state.

While he remains a vocal critic of CBDCs, DeSantis shows a different attitude towards the broader cryptosphere, particularly Bitcoin (BTC). He has frequently advocated for Bitcoin, characterizing it as a significant tool for civil liberty. Moreover, he perceives Bitcoin as a potential challenge to the existing financial order, demonstrating a dichotomy in his views on digital currencies.

The partisan lines drawn on this issue in the US political landscape are becoming increasingly clear. The GOP, broadly, echoes DeSantis’ skepticism towards CBDCs, while the Democrats have largely remained silent on the subject. This political divergence over digital currencies offers a captivating subtext to the US presidential race, positioning DeSantis as a figurehead in the crypto discourse.

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Godfrey Benjamin
Godfrey Benjamin
Godfrey Benjamin is an experienced crypto journalist whose primary goal is to educate everyone about the prospects of Web 3.0. His love for crypto was sparked during his time as a former banker when he recognized the clear advantages of decentralized money over traditional payments. Business Email: info@ethnews.com Phone: +49 160 92211628