Florida Gov. Ron DeSantis officially launched his presidential campaign on Wednesday evening, setting out his priorities during a glitch-filled Twitter Spaces event with Elon Musk. His statement included familiar red meat for the Republican base, including tirades over Disney and “woke” corporations but also an extended riff on crypto.
“You have every right to do Bitcoin. The only reason these people in Washington don’t like it is because they don’t control it…I think that the current regime, clearly they have it out for Bitcoin, and if it continues for another four years, you know, they’ll probably end up killing it,” he said, while claiming Bitcoin is a threat to the “central planners” in the Biden administration who wish to control everything.
Is Ron DeSantis right about his comments or wrong?
:https://www.google.com/url?q=https://fortune.com/crypto/2023/05/25/ron-desantis-goes-crypto-says-the-biden-administration-will-kill-bitcoin/&sa=U&ved=2ahUKEwjrvNr1spH_AhWERsAKHaxGCCAQxfQBegQIBRAC&usg=AOvVaw3bNq-oiqKE2fQqGPCC0o0U
First of all I want to say that I don't like Biden, at all, I see him as one of the most useless presidents in the US history, oftentimes I even forget he's the president... Anyway, even thought the US are one of the most important countries in the world they have no way to kill bitcoin while the rest of the world is actually starting to embrace it. It's actually even counterproductive for them, it would be a decision that doesn't make any any sense, they have everything to lose, not bitcoin.
Legally, I think it would be rather a challenge for the government of the United States to get rid of Bitcoin completely, I bet they will try a different approach instead, like increasing taxes on both miners and those who trade with Bitcoin to the point of making those activities barely profitable for anyone residing in USA.
Because, we should keep in mind that the governance there is not the same of what one could find in China or Russia, with one just big party or president taking the decisions in an unilateral way, efforts to ban Bitcoin in USA can be challenged.