US Presidential Candidate Ron DeSantis Would End Biden's 'Bitcoin War' If Elected

DeSantis said his eventual administration would not deter U.S. investors willing to deal with cryptocurrencies.

Florida Governor Ron DeSantis, one of the Republican presidential candidates, said the so-called "war on bitcoin and cryptocurrencies" would cease if Joe Biden becomes the next political leader of the United States.

He also reiterated his hostile stance on central bank digital currencies, saying such financial products would not exist if he was elected.

DeSantis Promises to Support Bitcoin

The U.S. presidential candidate recently laid out his economic policies during a campaign event in New Hampshire, with a specific focus on the bitcoin and digital asset space.

He vowed that his final cabinet would enable Americans to invest in major cryptocurrencies and alternative coins. DeSantis also pledged that if Joe Biden becomes the 47th president of the United States, he will end the so-called “Bitcoin Wars”:

"Biden's war on bitcoin and cryptocurrencies will be over when I become president."

Ron DeSantis, Source: Business Insider

This isn't the first time DeSantis has criticized the Biden cabinet's approach to the industry. He claimed in May that everyone has the right to "use bitcoin," saying the only reason Washington doesn't support the industry is because they can't control it.

He added: “I think, clearly, the current regime is ready for bitcoin, and if it goes on for another four years, they might end up killing bitcoin.”

In addition to being an advocate for Bitcoin, the governor is also a strong opponent of CBDCs. In March, he slammed the currency product as a surveillance tool and proposed Florida legislation against its launch in the southern state.

He underscored his point in a recent speech, claiming that throwing CBDCs in the “trash can” would be one of his first responsibilities as president.

The candidates are not the only BTC fans

Robert F. Kennedy Jr., nephew of former President John F. Kennedy, is another presidential candidate who has expressed support for the cryptocurrency industry, and more specifically Bitcoin.

The Democratic candidate, a HODLer who has purchased 14 bitcoins for his seven children, pledged to strengthen the dollar by backing it with "truly limited assets" like bitcoin and certain precious metals.

“My plan is to start very, very small: maybe 1% of the T-bills issued will be backed by a hard currency: gold, silver, platinum or bitcoin, and then depending on the results, we will increase that amount every year,” he explained .

Miami Mayor Francis Suarez also has a chance to become the new president of the United States. He is an outspoken supporter of Bitcoin and has launched a number of initiatives against it in the city. Similar to Kennedy, Suarez is also a Bitcoin holder, and even became the first American politician to receive a salary in digital assets instead of fiat currency.