The Republican candidate wants to end President Biden’s alleged “war on Bitcoin” if elected

Florida Gov. Ron DeSantis has pushed a platform based in part on “economic independence” in his 2024 presidential campaign, speaking out specifically on digital currencies.

At a July 31 campaign rally in New Hampshire, DeSantis reiterated his plans to ban central bank digital currencies (CBDCs) if he wins the Republican nomination and presidential election and takes office in 2025. The Florida governor added he plans to end President Joe Biden’s “war on bitcoin and cryptocurrency” should he win the presidency.

Ron DeSantis speaks at a campaign rally in New Hampshire on July 31. Source: YouTube

It’s unclear what specific actions DeSantis was referring to, but he implied they would come through the Federal Reserve. President Biden signed an executive order laying out plans for a regulatory framework for digital currencies in March 2022. The Securities and Exchange Commission has also filed several lawsuits against crypto firms during Biden’s tenure, and the Justice Department has been overseeing criminal charges against these companies Sam Bankman-Fried, CEO of FTX, and Alex Mashinsky, former CEO of Celsius.

DeSantis continued to compare the US government’s plans for a CBDC to those in China, where the central bank is currently conducting trials of a digital yuan. He claimed that the “irresponsible elites” in government could not be trusted to handle the eventual launch of a digital dollar.

“[The Fed wants] go to a cashless society. They want to abolish cryptocurrency,” DeSantis claimed. “As President, CBDC goes in the bin on day one – we won’t let it happen.”

New Hampshire is widely considered a proving ground for US presidential candidates as the state holds the first primary in the national race. DeSantis has had a rocky start to his official campaign since announcing it on Twitter — now X — in May, but still ranks as the second-biggest Republican candidate according to several different polls.

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Almost all polls show that DeSantis is well behind twice-impeached former president and federally indicted candidate Donald Trump. Both candidates are expected to face elections in the state primary starting in January, leading to a final vote on the party nominee at the July 2024 Republican National Convention.

Both Democratic and Republican candidates vying for a spot in the 2024 presidential election have voiced their opinions on cryptocurrencies like Bitcoin (BTC) and CBDCs. Robert F. Kennedy Jr., a Democratic Party candidate who is about 40-50 points behind Biden in polls, has made multiple pro-crypto statements and disclosed multiple BTC purchases during his campaign. Miami Mayor Francis Suarez, who accepted a BTC salary for his position and helped launch the “MiamiCoin” project, announced his candidacy for the Republican nomination in June.

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