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Market News

Ron DeSantis Slams Biden’s ‘War On Bitcoin’

One of the most prominent Republican presidential candidate & Florida's governor Ron DeSantis, has put bitcoin on the election campaign agenda.

Written By Dishita Malvania
Published 2023-08-01
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Ron DeSantis Slams Biden’s ‘War On Bitcoin’

At a campaign event in New Hampshire, Republican presidential candidate and Florida Governor Ron DeSantis called out the Biden Administration for what he recognized as a “war” on Bitcoin and cryptocurrencies.

“Biden's war on bitcoin and cryptocurrency will come to an end when I become president.”

— Gov. Ron DeSantis (R-FL), while outlining his economic policy plan in New Hampshire pic.twitter.com/dphw9dhFgz

— The Recount (@therecount) July 31, 2023

“Biden’s war on bitcoin and cryptocurrency will come to an end when I am president,” DeSantis said.

Addressing a campaign gathering in New Hampshire on July 31st, DeSantis reconfirmed his plans to prohibit central bank digital currencies (CBDCs).

Back in May, Biden said that he will not agree to a budget deal that favors wealthy tax cheats and cryptocurrency traders over struggling Americans.

DeSantis compared the United States government’s plans for a CBDC to those in China, where the central bank is currently conducting trials of a digital yuan.

“[The Fed wants] to go to a cashless society. They want to eliminate cryptocurrency,” claimed DeSantis. “As president, on day one, CBDC goes into the trash can — we’re not going to allow it.”

After announcing his campaign bid, DeSantis joined Elon Musk in a Twitter Spaces to expand upon his position, and insisted that citizens have “every right to do Bitcoin.”

Robert F. Kennedy Jr., a Democratic party candidate polling roughly 40-50 points behind Biden, has made several pro-crypto statements in his campaign and revealed several BTC purchases.

Also Read: Presidential Candidate Kennedy Jr. Vows Bitcoin Support for US Dollar

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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