Ron DeSantis, Florida Governor and potential 2024 US Presidential candidate, states that a Central Bank Digital Currency (CBDC) will not be implemented during his administration.

Ron DeSantis, Florida Governor and potential 2024 US Presidential candidate, states that a Central Bank Digital Currency (CBDC) will not be implemented during his administration.

The Role of Digital Assets in the US Presidential Election

The adoption of digital assets in the United States is poised to have a significant impact on the upcoming presidential election. As mainstream adoption of these assets continues to rise, the digital asset economy is expected to grow into trillions of dollars in the coming years. This growth has caught the attention of institutional investors, such as BlackRock Inc, who are increasingly interested in the digital asset industry as a hedge against inflation.

One of the key topics surrounding digital assets is the rollout of Central Bank Digital Currencies (CBDCs). Several presidential candidates have already taken a stance on this issue, with some supporting the idea while others are strongly against it. The implementation of a CBDC raises concerns about government censorship and the control the Federal Reserve would have over people’s funds. Privacy is also a contentious issue, as some central banks, like those in Brazil and China, reserve the right to freeze users’ digital currencies in order to maintain control.

DeSantis Opposes CBDC Rollout

Among those who oppose the rollout of a CBDC is Ron DeSantis, the current Governor of Florida and a GOP presidential candidate. DeSantis made his position clear at the Family Leadership Summit in Iowa, stating that the CBDC is not the future of American history and that he would put an end to its implementation if elected as president.

DeSantis, however, has shown support for the adoption of cryptocurrencies like Bitcoin, considering them a threat to the current regime. The Biden administration has made attempts to ban crypto assets, but these efforts have been unsuccessful. The US Securities and Exchange Commission (SEC) has claimed that many crypto assets are operating without proper securities registration. However, a recent summary judgment in the SEC vs Ripple case has provided some vindication for the crypto community in the country.

Interestingly, there are lawmakers who argue that the ruling in the SEC vs Ripple case should be turned into law. This would classify crypto assets as either securities or commodities, depending on the specific circumstances and nature of transactions.

In March of this year, DeSantis announced comprehensive legislation aimed at protecting Floridians from the potential negative effects of a CBDC. He argued that the adoption of CBDCs would diminish the role of community banks and credit unions in the financial system, which would ultimately hurt many businesses in the country.

According to DeSantis, the Biden administration’s push for a centralized digital currency is driven by a desire for surveillance and control. He believes that this move would stifle innovation and promote government-sanctioned surveillance. DeSantis is determined to protect Florida consumers and businesses from what he sees as a reckless adoption of a centralized digital dollar. In his words, “Florida will not side with economic central planners.”


The rise of digital assets and the potential implementation of Central Bank Digital Currencies have become significant topics in the United States, particularly in relation to the upcoming presidential election. While opinions on CBDCs vary among presidential candidates, it is clear that the adoption of digital assets and the blockchain technology that underpins them will continue to shape the financial landscape.

It is essential for policymakers to strike a balance between innovation, privacy, and government control when considering the implementation of CBDCs. The outcome of the US presidential election will likely have a profound impact on the future of digital assets and the blockchain industry as a whole.