Ron DeSantis is making a bid for the White House. What could his candidacy mean for crypto?
of possible CBDCs in Florida. Were a U.S. CBDC to be issued, he warned, it would be “a massive transfer of power from consumers to a central authority.” The governor also claimed that a CBDC would threaten private cryptocurrencies.
During his tenure in the U.S. Congress, DeSantis fought climate tax hikes, the Affordable Care Act, gun control, Barack Obama’s immigration policy, the special prosecutor Robert Mueller’s investigation of interference in the 2016 presidential election and taxes on social security benefits. He was one of the founders of the conservative-libertarian congressional Freedom Caucus in 2015.
All this, combined with the fact that DeSantis is currently polling well behind former president Trump could spell headwinds for the pro-crypto governor.DeSantis represents a combination of a pro-free market, low taxes, low welfare economic vision and a populist appetite for cultural wars with progressives, which has become increasingly prevalent in the last decade.
Speaking to Cointelegraph, Anthony Georgiades, co-founder of the Pastel Network — a decentralized blockchain for nonfungible tokens — said in an era of extreme polarization, the answer depends on where one falls on the political spectrum.
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