US presidential candidate and anti-CBDC advocate Ron DeSantis has declared that he will withdraw from the US presidential race as elections are scheduled for November this year.
DeSantis has actively advocated against government adoption of central bank digital currencies (CBDCs) while also defending the rights of individuals to utilize Bitcoin and other cryptocurrencies.
Anti-CBDC candidate Ron DeSantis saw ‘no clear path to victory.’
In a video shared on
Despite this dedication, he acknowledged that there was no clear path to victory and announced his withdrawal from the presidential race ahead of the scheduled November 5 election.
But he emphasizes to a significant portion of his audience that the power to influence government decisions lies with American citizens. He encourages them to actively voice their opinions and objections to actions they are dissatisfied with.
“We can choose to borrow or spend recklessly, or we can choose to limit government and lower inflation.”
This is the second pro-crypto presidential candidate to be eliminated from recent elections.
Meanwhile, BeInCrypto reported on January 16 that Vivek Ramaswamy withdrew from the race after finishing a lower-than-expected fourth place in Iowa.
Ramaswamy’s campaign stood out for its strong criticism of the Securities and Exchange Commission’s (SEC) unclear stance on cryptocurrency regulation.
“Ambiguity is the tyrant’s friend. The good news is that this is a problem that the President of the United States can fix.”
However, this is consistent with the cryptocurrency community’s view that the SEC has been adopting a regulatory approach to the cryptocurrency industry through enforcement actions.
Read more: Cryptocurrency Regulation: What are the Pros and Cons?
Crypto community gathers following DeSantis’ X Spaces. event With Elon Musk in May 2023.
DeSantis also argued that all cryptocurrency holders have the right to utilize their digital assets.
He emphasized that the only reason the U.S. government opposes Bitcoin is because it has limited control over it.
Read more: Top 12 Cryptocurrency Companies to Watch in 2024
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