DeSantis said Monday that he’ll “allow Americans to invest in bitcoin” if president, a bizarre proclamation considering that the Biden Administration has not actively targeted the largest crypto token. Alternative facts, anyone? Anyone?
Gov. Ron DeSantis vowed Monday to end the Biden Administration’s so-called war on crypto investors should he win the GOP presidential nomination and ultimately end up in the White House, as DeSantis again romances crypto evangelists with a misleading declaration.
But it’s unclear exactly what DeSantis is referring to with bitcoin, the world’s largest digital asset with a roughly $570 billion market capitalization, considering that Biden-selected SEC Chair Gary Genslerthat bitcoin is a commodity, not a security, and thus won’t be regulated like other securities such as stocks and bonds.
“We are going to allow Americans to invest in things like bitcoin and cryptocurrency,” DeSantis added, explaining that “no one’s forcing” investors to put their money into the asset class, a possible nod to the SEC’s
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