Pro-Bitcoin governor withdraws from White House race

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22 Jan 2024
34

Florida Governor Ron DeSantis stopped running for President of the United States, after nearly 6 months of entering the race for the White House.

Pro-Bitcoin governor withdraws from White House race. Photo: CNBC

In an announcement on January 21, Ron DeSantis - Governor who supports Bitcoin but wants to ban CBDC - announced to stop his election campaign and expressed support for the former US President.Donald Trump.


Florida Governor shared on X (Twitter):

"I cannot ask supporters to spend time and money if they are not sure of winning, because there is clearly no advantage. Therefore, today I decided to stop my election campaign."

DeSantis' decision comes less than two days before the New Hampshire primary. Many polls show that the Governor of Florida is unlikely to "win" and the election in this state seems to be a contest between former president Donald Trump and former US ambassador to the United Nations (UN) Nikki Haley.

DeSantis said the majority of Republican primary voters want to give Donald Trump another chance. In the first primary vote in Iowa on January 15, Mr. Trump won big with an overwhelming support rate of 51%, far ahead of DeSantis and Ms. Haley.

Ron DeSantis officially launched his presidential campaign in July 2023. At that time, DeSantis made a statementdefend Bitcoin if elected next year and opennessfor companies to pay taxes in crypto. However, the Governor againproposed ban on CBDCin your state.

"If I were president, I would eliminate central bank digital currencies on my first day in office." - DeSantis loudly declared at an event in Iowa.

At the same time, the serious rival for the position of President of the United States of the Republican Party in 2024, Mr. Donald Trump, also took a similar stance. In a recent campaign speech in Portsmouth (New Hampshire), he assured that he would "never allow" The Federal Reserve creates CBDC.

CBDCis the legal tender (fiat) of a country in digital form. Unlike the decentralized nature of cryptocurrencies like Bitcoin, CBDCs are centralized and managed by a country's central bank.

According to assessments, CBDC has the ability to improve payment efficiency and expand financial inclusion. However, many experts fear that foreign governments may interfere too much and violate the privacy rights of citizens using CBDC. Currently, there are at least 100 countries researching and developing CBDC, of ​​which nearly 40 countries are piloting it.



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