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HomeNewsPresidential Candidate DeSantis: Leading the Charge for Bitcoin (BTC) Innovation

Presidential Candidate DeSantis: Leading the Charge for Bitcoin (BTC) Innovation

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  • US Presidential candidate Ron DeSantis vows to replace Federal Reserve Chair Jerome Powell and block the introduction of a Central Bank Digital Currency (CBDC).
  • DeSantis promises to foster the cryptocurrency sector, claiming he will put an end to the “war on Bitcoin” waged by the current administration.

A Political Maneuver for Financial Autonomy

Florida Governor and 2024 US Presidential nominee Ron DeSantis has released a manifesto he calls the

“Declaration of Economic Independence.”

This extensive document elucidates his vision for tackling America’s most pressing financial conundrums, promising a future where the U.S. maintains its economic supremacy. Crucially for the crypto community, DeSantis has included an unequivocal pledge to spur the growth of the cryptocurrency sector.

A Nuanced Crypto Policy Amidst Broader Economic Goals

DeSantis’s economic policy goes beyond mere soundbites; it’s a comprehensive treatise covering various facets of fiscal governance. Among these, one finds policies aimed at tax reduction, alleviating social inequality, and enhancing living affordability. The gubernatorial candidate, who would become the President if he wins the 2024 election, also sets his sights on reforming the financial sector, which has been wobbly due to recent crises. He has called for

“clear language disclosures of shadow banks to increase transparency and better track systemic risks.”

The nominee promises to replace current Federal Reserve Chairman Jerome Powell. In his view, the Fed must eschew short-term political pressures and refocus on its foundational mission: maintaining a stable dollar. DeSantis is unambiguous about what he sees as the Fed’s overreach:

“The Fed must focus on stable prices; it is not a social engineer and cannot be allowed to be an unaccountable economic central planner.”

No Room for Central Bank Digital Currency

One of DeSantis’s most striking declarations concerns the future of digital assets in the U.S. financial ecosystem. He commits to block the Federal Reserve from introducing a Central Bank Digital Currency (CBDC). This is a vital distinction; CBDCs, being state-controlled digital versions of a country’s national currency, can potentially undermine decentralized cryptocurrencies like Bitcoin.

While opposing CBDCs, DeSantis goes on record to bolster the cryptocurrency sector, which he argues has been unfairly targeted through

“politically driven debanking and financial doxing.”

This stands in direct contrast to current U.S. President Joe Biden’s approach, which DeSantis has previously critiqued as a

“war on Bitcoin.”

According to DeSantis, the primary reason the existing administration opposes crypto is an inability to control this disruptive financial technology.

This political manifesto thus sets the stage for what could be a transformative era for cryptocurrencies, contingent, of course, on DeSantis’s success in the upcoming electoral showdown.

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Marcel Knobloch
Marcel Knobloch
Marcel is the managing partner of ETHNews and is also known as Collin Brown in the crypto community. He is a seasoned Bitcoin investor who entered the crypto scene during its early stages and has since become a veteran trader in both the cryptocurrency and forex markets. His journey began in 2012 when he made his first investment in Bitcoin, marking the beginning of his deep-rooted passion for blockchain technology and digital assets. With a mission to demystify the intricacies of blockchain for the masses, Marcel endeavors to bring the world of cryptocurrencies closer to everyone. His insightful reports are dedicated to shedding light on the latest developments and innovations within the realms of Bitcoin, Ethereum, Ripple (XRP), IOTA, VeChain, Cardano, Hedera, and numerous other cryptocurrencies. Marcel's in-depth analysis and commitment to providing accessible information make him a trusted source for both novice and experienced crypto enthusiasts. Marcel's academic background includes a Master's Degree in Business Education, which has equipped him with a solid foundation in financial markets and investment strategies. Over the past decade, he has amassed invaluable experience working with various startups across the globe, enriching his knowledge and understanding of the ever-evolving cryptocurrency landscape. With his wealth of expertise and dedication to empowering others with crypto knowledge, Marcel continues to be a driving force in the cryptocurrency community. Business Email: marcel.knobloch@hotmail.com Phone: +49 160 92211628
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