Governor Ron DeSantis Loses Iowa Caucus to Trump, Promises Crypto Crackdown If Elected
Summary:
Florida Governor Ron DeSantis, a 2024 presidential hopeful, has come second in the Iowa Republican caucus, a key battleground, behind former President Donald Trump. DeSantis has promised to ban Central Bank Digital Currencies (CBDCs) in the US if elected, following a similar crackdown in Florida. Despite these results, it remains unclear how crypto and blockchain issues will influence the 2024 US elections.
Florida's Governor, Ron DeSantis, who is also in the runnings for the 2024 US Presidential Elections, secured the second spot for the Republican Party nomination in a significant swing state. A considerable number of media platforms have reported on the outcome of the Iowa Republican caucus held on January 15, which saw former US President Donald Trump defeating DeSantis with nearly 21% of votes. The published results from Iowa indicated 23,420 votes for DeSantis, overshadowed by 56,260 votes in favor of Trump. This victory for the governor of Florida earned him eight delegates at the forthcoming Republican National Convention slated for July.
Officially joining the presidential race in July 2023, DeSantis pledged to outlaw central bank digital currencies (CBDCs) in the US if he's victorious. Prior to initiating his presidential campaign, he sanctioned a law in Florida limiting the use of federally-issued CBDCs, asserting that it posed a threat to financial liberty for citizens.
Since declaring his candidacy, DeSantis has consistently polled below Trump by over ten points and, per some polls, even behind presidential hopeful Nikki Haley. Vivek Ramaswamy, another Republican Party nomination contender notable for his crypto-centric policy blueprint, withdrew from the race on January 15 following the Iowa Caucus results, where he earned approximately 8% of the votes.
Official nominations for respective Republican and Democratic parties will only be finalized in July and August. Current polls hint at a nomination for US President Joe Biden and Donald Trump, contingent on evade of unexpected situations. By the time 2024 elections take place, both these contenders will be 81 and 78 years old, respectively. Trump currently grapples with numerous felony charges on both state and federal levels and a series of legal obstacles challenging his candidacy.
The potential impact of crypto and blockchain on US voters' decision-making in the November elections remains uncertain. A poll conducted on January 2 by the Crypto Council for Innovation hinted that crypto users might emerge as a crucial "swing voting bloc" in the 2024 electoral competition.
Published At
1/16/2024 8:10:00 PM
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