{"id":2111079,"date":"2023-11-29T14:28:01","date_gmt":"2023-11-29T19:28:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desantis-outlines-pro-crypto-agenda-in-contrast-to-biden-sec-judge-jury-and-executioner\/"},"modified":"2023-11-29T14:32:43","modified_gmt":"2023-11-29T19:32:43","slug":"desantis-outlines-pro-crypto-agenda-in-contrast-to-biden-sec-judge-jury-and-executioner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desantis-outlines-pro-crypto-agenda-in-contrast-to-biden-sec-judge-jury-and-executioner\/","title":{"rendered":"DeSantis highlights crypto-friendly stance, criticizes Biden&#8217;s SEC approach"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdesantis-outlines-pro-crypto-agenda-in-contrast-to-biden-sec-judge-jury-and-executioner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2111079&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Gov. Ron DeSantis \u2064Vows to Defend Cryptocurrency Industry Against Biden&#8217;s SEC Lawsuits<\/h2>\n<p>Florida Governor Ron DeSantis, \u200ca Republican, has strongly criticized \u200cthe \u200bSecurities \u200cand Exchange Commission\u200b (SEC) lawsuits filed \u200bagainst the cryptocurrency industry under\u200b President\u200d Joe Biden&#8217;s administration. DeSantis, who is considering a \u2062presidential\u200c run, pledged \u200dto protect digital assets if elected.<\/p>\n<blockquote>\n<p>\u201cBiden&#8217;s SEC thinks it&#8217;s judge, jury, and executioner on crypto while the Fed continues to \u200cpress\u200b ahead on CBDC,\u201d DeSantis said, referring to\u2063 the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-inches-closer-to-developing-central-bank-digital-currency\/\" title=\"Fed Inches Closer to Developing Central Bank Digital Currency\">central bank digital currency<\/a>.<\/p>\n<p>\u201cInnovation is fleeing abroad thanks to \u2062their regulatory shakedowns,\u201d he continued. \u201cI will defend the right of Americans to hold\u2063 digital assets without\u2064 government interference.\u200c Crypto rules\u200d should be\u200d made\u200d by Congress, not \u2064regulatory\u200b fiefdoms that blindly\u2064 police an industry they don\u2019t understand.\u201d<\/p>\n<\/blockquote>\n<p>The SEC has \u2063targeted major crypto companies like Binance, \u2062Coinbase, \u2064and \u2064Kraken\u2064 with lawsuits in \u200drecent years.\u2064 Critics\u2063 argue that the SEC&#8217;s approach is heavy-handed and \u200crelies too heavily on litigation.<\/p>\n<p>DeSantis plans\u2063 to appoint regulatory agency leaders who prioritize\u200b assisting companies in compliance rather than pursuing politically motivated lawsuits. He\u200c also \u2062opposes the\u2062 implementation of a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/is-digital-gold-the-solution-to-democrats-digital-dollar\/\" title=\"Can Digital Gold Solve Democrats' Digital Dollar Dilemma?\">central bank digital \u2063currency<\/a> and aims to remove tax barriers and support blockchain-based innovation.<\/p>\n<p>Florida has become a thriving hub for cryptocurrency companies under DeSantis&#8217;s leadership, with many\u200b relocating to the state. DeSantis aims to expand this success nationwide and prevent the outflow of crypto talent, jobs, and capital to other regions.<\/p>\n<p>DeSantis&#8217;s \u2062pro-crypto stance aligns with\u2064 the growing acceptance of\u2063 bitcoin and other cryptocurrencies among political figures, traditional financial institutions, and banks.<\/p>\n<p>Many cryptocurrency \u2062advocates\u200d hope that the SEC will soon approve\u2062 the \u2064first <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bitcoin-hits-two-month-high-above-30000-in-volatile-week\/\" title=\"Bitcoin surges above ,000, reaching a two-month high in a volatile week.\">spot bitcoin exchange-traded fund<\/a> (ETF). Numerous \u200capplicants have\u200b submitted proposals to the SEC for a spot ETF.<\/p>\n<p>Bitcoin&#8217;s price has surged to nearly $38,000, reaching its \u2062highest level since May of last year. The cryptocurrency has experienced a remarkable 128% \u2063increase since the beginning of \u2062this year, following a \u200dchallenging 2022.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/exclusive-gov-ron-desantis-vows-to-defend-cryptocurrency-industry-against-biden-sec-lawsuits\">Click here<\/a> to read more from the Washington Examiner.<\/p>\n<p> <\/p>\n<h2> What are the potential \u2063implications of the Federal Reserve&#8217;s development of a Central Bank Digital Currency on the cryptocurrency industry, according to\u200b Governor \u2064DeSantis<\/h2>\n<p><span>  G \u2064to the Central Bank Digital Currency that the Federal Reserve is currently developing. \u201cThis\u200d overreach by the federal government threatens to stifle innovation and \u200ceconomic growth in the cryptocurrency industry,\u2064 which is thriving in Florida. As Governor, I will vehemently defend the rights of individuals and businesses\u2062 in the crypto space\u200c against these \u2062unjust lawsuits brought by the \u2062SEC.\u201d<\/p>\n<\/blockquote>\n<p>The SEC\u2062 has recently ramped up its \u2063enforcement\u200d efforts against cryptocurrency \u200ccompanies, targeting\u200d those \u2064it deems to have conducted unregistered securities\u200c offerings. This has led to several high-profile lawsuits against companies such as\u200c Ripple Labs and Kik Interactive.<\/p>\n<p>Many in the\u200d cryptocurrency \u200dindustry believe that these \u200blawsuits are unfair and stifling innovation in the sector. They argue that the SEC&#8217;s approach is outdated \u200band fails to take into account the unique nature of decentralized cryptocurrencies.<\/p>\n<p>Governor DeSantis has\u2064 emerged as a strong advocate for the cryptocurrency industry\u2063 in Florida. In recent years, the \u2064state has attracted many crypto companies and \u2063has become a hub for\u2064 blockchain innovation. This has been in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/notable-figures-weigh-in-on-republican-candidate-debate-performances\/\" title=\"Prominent figures comment on GOP candidate debate performances.\">large part \u200ddue<\/a> to its favorable regulatory \u200cenvironment, with Florida being \u200done of the few \u200dstates \u200dthat have enacted specific crypto legislation.<\/p>\n<p>DeSantis has \u200dvowed to continue\u2063 supporting the \u2062industry and protecting the rights of individuals and businesses \u2063involved in cryptocurrencies. He believes that the\u2064 industry holds great potential for \u200bjob creation and economic growth in the \u200bstate.<\/p>\n<p>Furthermore, the governor has \u200bargued that\u2063 the federal government should be focused on promoting and fostering innovation in\u200d the crypto \u2064space, rather than stifling it with regulatory burdens. He sees the development of a Central\u200d Bank Digital Currency (CBDC) as a\u200d step \u200bin the \u2064wrong\u200b direction, as it could potentially give the government excessive control over financial transactions and undermine the privacy \u2064and freedom that cryptocurrencies provide.<\/p>\n<p>Governor DeSantis&#8217; support \u200dfor the cryptocurrency industry aligns with the broader Republican stance on limited government intervention and regulation. Many Republicans\u200d view cryptocurrencies as a form of private currency and argue \u200cthat the government \u2064should not interfere \u2064with its development and use.<\/p>\n<p>As\u2062 the 2024 presidential election approaches, it is\u200b clear that the issue of cryptocurrency regulation will continue to be a topic \u200dof debate. Governor DeSantis&#8217; outspoken support for the \u200bindustry could bolster his credentials among the crypto community and attract like-minded individuals and \u2063businesses \u2063to support his potential presidential\u2062 campaign.<\/p>\n<p>In conclusion, Governor Ron DeSantis has vowed \u2064to defend the cryptocurrency industry against\u2062 what he perceives as unjust \u200clawsuits brought by the \u2063SEC.\u2062 He believes that the federal government \u2063should promote innovation\u2064 in the sector and protect the rights of individuals and businesses involved in cryptocurrencies. As the debate on cryptocurrency regulation continues to unfold,\u200d Governor DeSantis&#8217; stance could have significant implications for his \u2064political future and\u200c the direction of \u2062the industry as a \u2064whole.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Would take a different approach, supporting the cryptocurrency industry and protecting digital assets if he becomes president. He criticized the Biden administration for the lawsuits filed by the SEC against crypto companies, emphasizing his commitment to defending the industry<\/p>\n","protected":false},"author":1,"featured_media":2111080,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2111079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2111079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2111079"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2111079\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2111080"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2111079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2111079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2111079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}