Binance CEO CZ Supports Pro-Crypto Ron DeSantis For President
Crypto Market News: In the lead up to the 2024 United States presidential election, the crypto market narrative is increasingly becoming important as lawmakers and influential people push for having a debate on crypto regulatory stance in the United States. This comes despite the continuous attack by the likes of the US Securities and Exchange Commission (SEC) on crypto businesses operating in the country. Recently, Florida Governor Ron DeSantis criticized the Biden administration’s way of handling the crypto enforcement actions. His comments sparked a debate around crypto regulation and the implementation of Central Bank Digital Currencies (CBDCs) in the country.
Also Read: United States Set To Vote On Debt Limit Bill, Rep. McHenry Confident On Majority
In the context of banning CBDC use in Florida, the Governor said the current US administration is looking to regulate the crypto market so hard that it will not be able to operate in the US. He added that “Bitcoin represents a threat to the current regime.”
Binance CEO CZ Welcomes Ron DeSantis Running For President
Speaking in an Ask Me Anything event on Wednesday, Changpeng Zhao, the chief executive officer of top crypto exchange Binance welcomed the open support to crypto industry by the likes of DeSantis. CZ applauded DeSantis and Francis X. Suarez, the Mayor of Miami, for their pro-crypto stance. On the prospect of DeSantis running for president, he responded,
“That would be great.”
Referring to the shutting down of crypto friendly banks like Silicon Valley Bank and the various ongoing lawsuits, he said the United States is currently not looking positive to the crypto ecosystem.
Also Read: Binance Reportedly Plans To Start Layoffs In June, Another FUD?
- ProShares Files for Index Crypto ETF Tracking Bitcoin, Ethereum, XRP, and Solana
- Trump Says Meeting with China May Not Happen, Bitcoin Drops
- The Great Rotation? Bitcoin Rises as Gold Sees Largest Daily Drop Since 2013
- Crypto Czar David Sacks to Meet Senate Republicans In Bid To Advance Market Structure Bill
- Waller Floats ‘Payment Account’ Framework to Provide Crypto Firms Access To Fed’s Payment Rails
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
