The world of cryptocurrency is one fraught with uncertainty; a landscape where one individual’s earnest investment strategy contrasts sharply with another’s dismissive criticism. Notching his mark in this realm is Presidential candidate and Florida Governor Ron DeSantis (R-Fla.) with a fresh, albeit contentious, stance that projects a metaphorical cease-fire on current leadership’s ‘hostilities’ against virtual currencies.
Armed with this perspective, DeSantis proudly announced at a campaign event in New Hampshire his intent to dispel any purported “war on bitcoin and cryptocurrencies”, a move seen as a counter to the current Biden Administration. DeSantis’ claim was as emphatic as it was bold, lifting the curtain on an intent to allow American citizens the freedom to invest in cryptocurrencies, all while prescribing a ‘leave-if-you-wish’ exit clause.
This declaration might stem from the recent allegations levelled against cryptocurrency exchanges such as Coinbase and Binance by the Securities and Exchange Commission (SEC). Remember, while SEC commissioners are appointed by the president, the agency sails independent from government tethering.
Investigating the present administration’s stance on crypto reveals a landscape draped in murkiness. President Biden has surprisingly engaged minimally with the crypto industry, save for nudging regulatory agencies to encapsulate it within their audit vision. He has yet to position on the issuance of a central bank digital currency, an idea DeSantis has previously criticised him for promoting.
Our protagonist’s recent pro-crypto sentiment also serves as a tactical chess move against another contender in the Presidential derby, none other than former President Donald Trump. Although often deemed a potent rival of Trump’s in the race for the Republican nomination, a recent poll demonstrates his apparent trailing behind Trump’s 54% share of the likely Republican votes.
DeSantis’ willingness to embrace digital assets has indeed highlighted a divergence in perspectives against Trump’s otherwise skeptical viewpoint. However, it remains to be seen whether this strategy will bear fruit, fetch him the pivotal nomination, and eventually, usher in a paradigm shift to the world of cryptocurrencies.
Source: Coindesk
