DeSantis: “Bitcoin Represents a Threat” to US Government

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  • Ron DeSantis has said that Bitcoin “represents a threat” to the current US government, hence their attempts to ban it
  • The Florida governor said he has no desire to interfere with Bitcoin users in the same way
  • DeSantis launched his presidential campaign yesterday amid technical hitches on Twitter

Presidential hopeful and Florida governor Ron DeSantis has said that Bitcoin “represents a threat” to the current US government which is why it is trying to regulate it “out of existence.” During his presidential campaign launch on Twitter last night, DeSantis said that he has no desire to emulate the government’s current actions and, were he elected, would work to integrate it rather than ban it. DeSantis has already been critical of a digital dollar, saying it would be banned in Florida were it to be launched.

Democratic Government Could “End up Killing” Bitcoin

DeSantis endured something of a torrid presidential launch campaign as the Twitter Spaces rocket failed to get off the ground, with multiple technical issues causing multiple delays. The event would have been equally embarrassing for Elon Musk, who has decimated the Twitter workforce but claimed that things are working as well as they should.

Once he finally got going, the subject of cryptocurrencies came up, with DeSantis critical of the actions taken by the Biden administration over the sector:

“The current regime, clearly, has it out for Bitcoin, and if it continues for another four years, they’ll probably end up killing it.”

This, of course, is a massive leap of logic; the US administration cannot kill Bitcoin, although it can of course drive its use out of the country, which it indeed seems to be doing. DeSantis added that he does not “have the itch to have to control everything that people may be doing in this space,” before giving a hint as to the rationale behind the incumbent government’s actions:

“Bitcoin represents a threat to them, they’re trying to regulate it out of existence.”

No CBDC for DeSantis

DeSantis also spoke again about Central Bank Digital Currencies (CBDCs), saying that any such rollout much achieve Congressional authorization but vowed to veto it if he were made president, citing concerns over its potential misuse to influence politically unfavorable purchases.

DeSantis faces an uphill battle to dethrone the favorite for the Republican nomination, Donald Trump, who is seeking a second bite at the presidential cherry.