Presidential Candidate DeSantis Calls Out Biden over ‘Anti-Crypto’ Stance

UTC by Mayowa Adebajo · 2 min read
Presidential Candidate DeSantis Calls Out Biden over ‘Anti-Crypto’ Stance
Photo: Governor Ron DeSantis / Facebook

DeSantis spoke about allowing Americans to invest in digital assets such as Bitcoin (BTC).

Republican Florida Governor Ron DeSantis has criticized the Biden-led administration for what he perceives to be a hostile approach to Bitcoin (BTC) and other crypto assets. The presidential candidate expressed his displeasure at the administration during a campaign event in New Hampshire on Monday. DeSantis said:

“Biden’s war on bitcoin and cryptocurrency will come to an end when I am president.”

DeSantis Makes Promises to the Crypto Community Ahead of Presidential Polls

The aspirant also spoke about allowing Americans, who so wish, to invest in digital assets such as Bitcoin. However, he also cleared the air on the position, saying the American people would not be mandated to invest in digital assets. Rather, they will do so at their discretion.

DeSantis’ latest comments may look to be an attempt to score cheap political points and appeal to the younger generation. However, he is likely referring to the recent actions of the Securities and Exchange Commission (SEC) against crypto exchanges. Recall that the SEC filed lawsuits against Coinbase and Binance alongside many others in early June.

Although the SEC is supposed to operate independently from the government, DeSantis, like many others, believe that that may not always be the case. That is especially considering that SEC commissioners are appointed by the President.

More so, President Biden hasn’t been clear on his viewpoint of crypto either, thus leaving a lot to the imagination. Also, the Biden-led administration has so far tried to shy away from taking any direct actions on the crypto industry. At best, it charged its regulatory agencies to carry out extensive research on the industry and oversee its activities.

For DeSantis, this lack of clarity might be a guise to conceal the real position of the government on crypto.

DeSantis is still struggling to keep up with former President Donald Trump in the race for the Republican presidential ticket. That is despite many believing that he is Trump’s main competition for the Republican nomination. According to a recent New York Times/Siena College poll, Trump leads DeSantis by a massive 54% to 17% among likely Republican voters.

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