Ron DeSantis, the current governor of Florida and Republican presidential candidate, participates in Twitter Space with Elon Musk Session Hosted by American entrepreneur and tech investor David Sachs on Thursday, May 25.
During his conversation, DeSantis slammed the current President Joe Biden-led administration’s approach to treating bitcoin (BTC), saying that “they’ll probably dismantle it” if the current regulatory action continues.
“Bitcoin represents a threat to them. They are trying to drive it out of existence.
Ron DeSantis said during a Twitter Space conversation.
“You have every right to do bitcoin. These people in Washington don’t like it because they don’t control it.
– He added.
This portion of the Twitter Spaces conversation was also shared by MicroStrategy founder and longtime Bitcoin supporter Michael Saylor. Earlier this month, the billionaire described bitcoin as the “king commodity”. Saylor’s bullish words for the leading cryptocurrency came as he warned that “money is dying everywhere in the world,” referring to the declining power of fiat currencies and rampant monetary inflation.
DeSantis vows to oppose anti-Bitcoin legislation
During the conversation that lasted more than an hour, DeSantis, Musk and Sachs also touched on the issue of central bank digital currencies (CBDCs).
Specifically, the 44-year-old governor said he would fight anti-Bitcoin legislation in Congress and emphasized his stance against CBDCs. His comments come weeks after his arrival banned The CBDC in Florida said that the digital dollar threatened the financial freedom and privacy of business owners and citizens.
The US Federal Reserve, like over 100 global economies, is exploring the pros and cons of launching a CBDC to compete with China’s digital yuan. However, similar to DeSantis, several US representatives have opposed the idea of a digital dollar, labeling it as a means of expanded financial surveillance.
Source: finbold.com
