Ron DeSantis, the Governor of Florida and a Republican presidential nominee, has pledged to put an end to the Biden administration’s “war on Bitcoin and cryptocurrency” if elected as the next President of the United States. During a recent campaign event in New Hampshire, DeSantis presented his economic policy, emphasizing his support for Bitcoin and the digital asset sector. He promised that his future cabinet would enable Americans to invest in cryptocurrencies and vowed to halt Biden’s alleged anti-Bitcoin stance. DeSantis firmly believes that the current administration is targeting Bitcoin due to its inability to control it. Additionally, he expressed his opposition to central bank digital currencies (CBDCs) and stated that one of his first actions as President would be to discard the idea of a CBDC.
DeSantis is not the only presidential candidate who supports Bitcoin. Robert F. Kennedy Jr., a Democratic nominee and nephew of former President John F. Kennedy, has also voiced his backing for the cryptocurrency industry. Kennedy plans to strengthen the American dollar by backing it with “real finite assets,” including Bitcoin and certain precious metals. He proposes starting with a small percentage of issued T-bills backed by these assets and gradually increasing it over time.
Another candidate with a pro-Bitcoin stance is Francis Suarez, the mayor of Miami. Suarez has introduced various initiatives in the city to promote Bitcoin adoption. He even made history by becoming the first U.S. politician to receive his salary in Bitcoin instead of fiat currency.
With these candidates expressing their support for Bitcoin and their opposition to the Biden administration’s stance, the upcoming U.S. presidential election could have significant implications for the cryptocurrency industry. If elected, DeSantis, Kennedy, or Suarez could bring about changes that favor Bitcoin and other cryptocurrencies, potentially shaping the future of digital assets in the United States.
