These contenders have thrust Bitcoin into the political spotlight, making it a topic of national discourse . But who among them will serve the crypto community better?
DeSantis: A Staunch Advocate for Bitcoin
Governor Ron DeSantis has emerged as a strong supporter of Bitcoin and a critic of Central Bank Digital Currencies (CBDCs) . His views echo Bitcoin’s founding principle of decentralization, which starkly contrasts the centralization inherent in CBDCs.
DeSantis has consistently promoted Bitcoin-friendly policies in Florida. In May 2021, he signed legislation defining virtual currency in state statute and clarified that individuals could trade cryptocurrency without a license.
Ron DeSantis Approval Ratings. Source: Statista
His commitment to a crypto-friendly Florida extends to his budget proposal for 2022, which included blockchain funding for state agencies.
Cryptocurrency seems to be a key pillar of DeSantis’ platform. He champions the importance of decentralized cryptocurrency networks like Bitcoin, arguing against the control a CBDC would give federal governments .
DeSantis’ candidature offers a vision of a government that embraces cryptocurrency and its inherent values of decentralization and self-custody.
Kennedy Jr: An Outspoken Crypto Advocate
In the Democratic corner, Robert F. Kennedy Jr., despite being a long-shot candidate, has also emerged as a vocal supporter of Bitcoin. He’s slated to make his first official appearance as a presidential candidate at the annual Bitcoin Miami event, signifying his alignment with the crypto community.
Kennedy Jr. has defended the crypto industry against the perceived threat from the White House and the banking crisis . His position aligns with the crypto community’s battle against regulation and control from powerful institutions.
While he may be a vocal supporter, some caution that his controversial reputation could potentially harm the image of the crypto community.
Despite these concerns, Kennedy Jr.’s advocacy for Bitcoin is clear. His stance illustrates the growing importance of cryptocurrency in the political sphere and the need for political allies to defend the industry against regulatory threats.
Cryptocurrencies, led by bitcoin, along with other crypto technologies are a major innovation engine. It is a mistake for the U.S. government to hobble the industry and drive innovation elsewhere. Biden’s proposed 30% tax on cryptocurrency mining is a bad idea.
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