Candidates for the US presidency 2024 from the crypto community and the possible consequences of their victory
Date: 2023-07-03 Author: Karina Ziganova Categories: IN WORLD
Candidates from the crypto community
Several representatives of the crypto community will take part in the US presidential election, which is scheduled for fall 2024. Let's consider them.
1. Ron DeSantis
Who is Ron DeSantis: Governor of Florida.
What Ron DeSantis promises the crypto community: to rid the crypto industry of regulatory pressure and save the United States from issuing a potentially dangerous, in his opinion, central bank digital currency (CBDC).
Party: Republican.
The politician actively criticizes the current US authorities for the regulatory pressure they have unleashed on the crypto industry. According to DeSantis, this approach could kill the cryptocurrency market.
As of the time of writing, the politician is among the three most likely candidates for the presidency of the United States, according to polls. At the same time, Donald Trump and Joe Biden remain the leading contenders for the chair of the head of America. DeSantis, on the other hand, is called the main candidate from the crypto community.
The position of the politician, at the request of the editors of BeInCrypto, was commented on by the General Director of DFA.RF Nikolay Zhuravlev.
"DeSantis is popular with conservatives, as is Kennedy. another candidate for the presidency of the United States from the crypto community] is among the growing number of liberals. It turns out that digital assets receive bipartisan support, but despite loud slogans, the crypto community is still extremely far from uniting around one candidate.
I believe that DeSantis's position is only a manifestation of a broader anti-state and business-friendly paradigm, since he has never heard nuances emphasizing that he is genuinely interested in the development of cryptocurrencies. For example, he has never talked about the potential of decentralized finance (DeFi) — one of the main topics in recent years," said our interlocutor.
Earlier, the editors of BeInCrypto collected in one review the most important information about the governor of Florida and the possible consequences of his victory in the election of the American president.
2. Robert Francis Kennedy Jr.
Who is Robert Francis Kennedy Jr.: American lawyer and eco-activist.
What Robert Francis Kennedy Jr. promises the crypto community: to protect crypto investors and their rights to use cryptocurrencies, as well as to abandon pressure on miners.
Party: Democratic.
Robert Francis Kennedy Jr. is known for his criticism of regulatory pressure on the crypto community. The eco-activist, among other things, has repeatedly drawn attention to the unfair demonization of miners, whose installations allegedly have a serious impact on the environment. In his opinion, the fight against cryptocurrency mining is nothing more than a pretext that the US authorities use to "strangle" bitcoin.
3. Francis Suarez
Who is Francis Suarez: Mayor of Miami.
What Francis Suarez promises the crypto community: the politician does not focus on crypto initiatives as part of his election campaign.
Party: Republican.
The name of Francis Suarez is well known to members of the crypto community. It was he who proposed the initiative to launch the city cryptocurrency MiamiCoin, which, however, was unsuccessful. Suarez is also actively working to turn Miami into a mining center
What will happen to the market if a member of the crypto community wins?
The editors of BeInCrypto decided to find out how the victory of a crypto enthusiast in the 2024 US presidential election could affect the digital asset market. Experts helped us to understand the issue.
Dmitry Noskov, an expert at the StormGain crypto exchange, shared his first opinion with us. He believes that the victory of a crypto enthusiast in the 2024 US elections should not be taken as a signal to ease pressure on the crypto industry. Our interlocutor explained his point of view by the fact that US regulators, including the US Securities and Exchange Commission (SEC), are already firmly "dug their teeth" into the digital asset market and are unlikely to let it go.
"Most likely, the US authorities will still be skeptical about the crypto market. They will continue to try to subordinate it to US securities laws," Dmitry Noskov summed up, adding that further "tightening the screws" could provoke a new wave of outflow of crypto companies from the United States.
Yaroslav Ivanov, Strategic Director at ALTA – Blockchain Laboratory, did not agree with his colleague's opinion. He believes that the victory of the supporter of the crypto community can lead to a more favorable and supportive policy of regulators.
"The president's influence on the crypto industry will depend on his political priorities. He faces a big challenge – the identification of crypto assets in the legal field. The first stage will be the positive regulation of the crypto climate in the US market. This will be a crucial step for the entire industry. Founders will no longer be afraid to conduct their business in the United States, and other countries will be able to repeat their successful experience in interacting with cryptocurrency. This can contribute to the development of new innovations, improve the cryptocurrency ecosystem and stimulate the adoption of these technologies in various sectors of the economy," Yaroslav Ivanov sees the future of the crypto industry if a crypto enthusiast is at the helm.
The positive outlook was shared by Alexander Igelsky, Executive Director of Profit Investment Analytics LLC. In his opinion, with the advent of a crypto enthusiast to power in the United States, there will be more tools in crypto, and regulators will soften their attitude to the new financial instrument.
