The US plays an integral part in the functioning of the cryptocurrency market. Therefore, the President of the United States plays a very important role in how Bitcoin and other cryptocurrencies are perceived.
Ron DeSantis, governor of Florida, and Robert F. Kennedy Jr. have emerged as crypto “KOLs” in the 2024 US presidential showdown. Both of these candidates have brought Bitcoin to the forefront of politics and entered the public conversation.
However, who will benefit the crypto community more remains a looming question…
What did the US presidential candidates do for Bitcoin and crypto?
Governor DeSantis has been known as an ardent supporter of Bitcoin. Furthermore, he is a fierce critic of Central Bank Digital Currency (CBDC). His opinion is in line with the decentralization that is at the heart of cryptocurrencies, in stark contrast to the centralization inherent in CBDCs.
Over the years, DeSantis has consistently advocated for Bitcoin-backed legislation in Florida. He passed legislation in May 2021 allowing people to trade cryptocurrencies without a license.
In addition, his budget proposal for 2022 includes blockchain development funding for state agencies and in his commitment to cryptocurrencies there are many plans to support cryptocurrency development. digital.
However, Governor DeSantis is not the only US Presidential Candidate with a soft stance towards Bitcoin.
Robert F. Kennedy Jr. has also emerged as an outspoken pro-Bitcoin among Democrats. He made his debut as a candidate for President at the 2023 Bitcoin Conference event in Miami. Kennedy Jr. has protected the crypto sector from perceived threats including a banking crisis and the White House.
His stance is very clearly in favor of the crypto community’s fight against regulation and institutional control.
However, while Kennedy Jr. While possibly an outspoken supporter, some fear that his controversial reputation may reflect badly on the crypto community. The crypto community is still hesitant to fully accept him as a spokesperson.
So who is better?
DeSantis and Kennedy Jr. Both respect the potential of decentralized currencies even though they have different political views. Their political background accurately reflects Bitcoin’s growing influence on public opinion and the direction of the financial system.
Governor DeSantis is a leader among crypto fans due to his ardent support for Bitcoin and opposition to CBDCs. However, while DeSantis’ controversial history may “shadow” his support for Bitcoin, the support of Robert F. Kennedy Jr. cannot be underestimated. for electronic money.
The importance of Bitcoin and its impact on the background of US Presidential candidates will certainly become more apparent as the US Presidential election of 2024 approaches.