Republicans want to stop President Biden’s “war on Bitcoin” if selected

Ron DeSantis stated at a New Hampshire campaign event, “As president, on day one, CBDC will be thrown in the garbage — we will not allow it.”

Florida Governor Ron DeSantis has taken a stand on digital currencies as part of his “economic independence” program for the 2024 presidential election.

At a rally in New Hampshire on July 31, DeSantis reaffirmed his intention to outlaw CBDCs should he become the Republican nominee and the next president in 2025. The Florida governor also said that he intended to halt U.S. President Joe Biden’s “war on Bitcoin and cryptocurrency” if he were elected.

DeSantis implied these policies were emanating from the Federal Reserve, although he did not specify which policies he had in mind. Biden’s administration has seen a number of SEC cases launched against cryptocurrency businesses, as well as criminal charges brought against former FTX CEO Sam Bankman-Fried and former Celsius CEO Alex Mashinsky.

He said the public couldn’t put their faith in the “unaccountable elites” in government to properly implement a digital dollar.

A cashless world is a goal of [the Fed]. DeSantis said, “They want to wipe cryptocurrency off the face of the earth.”

Since it holds the first primary in the national contest, New Hampshire is often used as a trial run for prospective U.S. presidents. Despite a rough beginning to his formal campaign since declaring it on Twitter (now X) in May, DeSantis is consistently ranked as the second most viable Republican contender by a number of surveys.

Almost all surveys put DeSantis well behind Trump, the twice-impeached former president who is also facing criminal charges. Beginning in January 2024, state primaries will be held to choose between the two candidates, with the winner being ratified at the Republican National Convention in July of that year.

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