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DeSantis Accuses Biden of 'War on Bitcoin,' Vows to Stop It if Elected President
DeSantis is likely referring to the recent action by the Securities and Exchange Commission (SEC) against multiple crypto exchanges.
Takeaways
- Presidential candidate and Florida Governor Ron DeSantis (R-Fla.) said he will end the Biden Administration's alleged "war on bitcoin and cryptocurrencies," during a campaign event in New Hampshire.
- "We are going to allow Americans to invest in things like bitcoin and cryptocurrency," he said.
Presidential candidate and Florida Governor Ron DeSantis (R-Fla.) called out the Biden Administration for its “war” on bitcoin (BTC) and cryptocurrencies and vowed to end it should he become President.
“Biden's war on bitcoin and cryptocurrency will come to an end when I am president,” he said at a Monday campaign event in New Hampshire. “We are going to allow Americans to invest in things like bitcoin and cryptocurrency. No one is forcing you to do it, if you want to do it, you can do it.”
STORY CONTINUES BELOW
DeSantis is likely referring to the recent charges brought against crypto exchanges like Coinbase and Binance by the Securities and Exchange Commission (SEC). Although SEC commissioners are appointed by the President, the agency is independent from the government.
Biden's record itself on crypto is murky and leaves a lot to interpretation. He's taken almost no direct actions on the industry apart from guiding his regulatory agencies to study it and come up with ways to oversee the sector. DeSantis has accused Biden in the past of pushing for a digital dollar, but his administration hasn't yet taken a position on issuing a central bank digital currency.
Read more: Florida’s DeSantis Waging Toothless Campaign Against Digital Dollars, Lawyers Say
DeSantis has struggled to catch up to former President Donald Trump in the early days of the presidential contest, and he's sometimes used digital assets issues to highlight one of the divisions between his pro-crypto views and Trump's past skepticism.
Though DeSantis has generally been considered Trump's chief rival for the Republican nomination, a recent New York Times/Siena College poll showed DeSantis is trailing Trump's 54% to 17% among likely Republican voters.
Helene Braun
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Jesse Hamilton
Jesse Hamilton is CoinDesk's deputy managing editor on the Global Policy and Regulation team, based in Washington, D.C. Before joining CoinDesk in 2022, he worked for more than a decade covering Wall Street regulation at Bloomberg News and Businessweek, writing about the early whisperings among federal agencies trying to decide what to do about crypto. He’s won several national honors in his reporting career, including from his time as a war correspondent in Iraq and as a police reporter for newspapers. Jesse is a graduate of Western Washington University, where he studied journalism and history. He has no crypto holdings.
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