Florida Governor Ron DeSantis Cancels Cryptocurrency Fundraiser for Presidential Campaign Due to Hurricane Idalia
Summary:
Florida Governor Ron DeSantis cancels campaign event to announce acceptance of cryptocurrency contributions for his 2024 presidential run due to Hurricane Idalia. DeSantis has taken a stance against central bank digital currencies and currently trails behind former President Donald Trump in polls. Other candidates accepting cryptocurrency donations include Vivek Ramaswamy and Robert F. Kennedy Jr., though they are polling significantly lower. Cryptocurrency contributions have had limited impact on federal campaigns in the past. Some U.S. states aim to regulate disclosure rules for digital asset contributions.
Florida Governor Ron DeSantis has decided to cancel a campaign event where he was planning to announce that he would be accepting cryptocurrency contributions for his 2024 presidential run. The event, a cocktail-hour fundraiser, was supposed to mark the beginning of accepting crypto donations, but was canceled due to the approach of Hurricane Idalia. As the hurricane made its way through Florida, DeSantis focused on informing residents about evacuation orders and providing updates on social media channels and press conferences. Since the start of his campaign, DeSantis has taken a stance against central bank digital currencies and only accepted fiat donations through credit cards on his campaign website. It should be noted that he is trailing behind former President Donald Trump in recent polls. While several candidates, including Miami Mayor Francis Suarez, have expressed willingness to accept cryptocurrency donations, few have actually followed through. Both Republican candidate Vivek Ramaswamy and longshot Democratic candidate Robert F. Kennedy Jr. have announced their acceptance of Bitcoin contributions for their presidential campaigns, but they are polling far behind their respective party leaders. In the past, cryptocurrency contributions have not greatly impacted federal campaigns, as demonstrated by Andrew Yang dropping out of the race in 2020 after accepting BTC donations. Some U.S. states have proposed regulating disclosure rules and setting limits on cryptocurrency contributions, while the U.S. Federal Election Commission advised in December 2022 that nonfungible tokens could be provided to campaign contributors.
Published At
8/31/2023 7:00:00 PM
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