Crypto Takes Center Stage in Presidential Race, DeSantis Faces Declining Prospects
Summary:
Miami Mayor Denis Suarez criticizes Florida Governor Ron DeSantis in the presidential race, highlighting the role of crypto. DeSantis, once seen as a leading pro-crypto candidate, now faces tough competition and declining chances. Other candidates like Robert Kennedy Jr. and Vivek Ramaswamy also support crypto. The future of crypto in the presidential race remains uncertain, including the potential influence of Donald Trump.
Miami Mayor Denis Suarez, a presidential candidate, took a dig at Florida Governor Ron DeSantis, his Republican counterpart in the race. Suarez emphasized his support for crypto and criticized DeSantis for simply opposing central bank digital currencies without offering any substantial solutions. This incident underscores the significance of crypto in the upcoming presidential race and highlights DeSantis' diminishing chances as a pro-crypto candidate.
DeSantis initially gained attention for his support of crypto in 2021 when he proposed accepting cryptocurrencies for state fees. However, he now faces tough competition from other outspoken pro-crypto candidates, which has led to a decline in his prospects of becoming president.
DeSantis has been critical of central bank digital currencies and the United States Federal Reserve. He signed a bill in May to restrict the use of CBDCs in Florida and vowed to advocate for a nationwide ban if elected president. Despite his previous popularity among Republicans and the crypto community, DeSantis' campaign has been unraveling in recent months, losing staff and seeing a significant drop in his polling numbers.
While DeSantis was once seen as a viable option for Republicans and crypto enthusiasts, his failure to secure a loyal base and his controversial approach to cultural issues have caused his candidacy to falter. Additionally, alternative pro-crypto candidates like Robert Kennedy Jr. and Vivek Ramaswamy have emerged in the race, adding further competition for DeSantis. The future of crypto in the presidential race remains uncertain, with the possibility of Donald Trump, a former critic turned crypto investor, playing a significant role in 2024.
Published At
9/7/2023 1:01:00 PM
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