Florida Gov. Ron DeSantis cancelled a campaign event in which he was reportedly planning to announce the acceptance of cryptocurrency contributions toward his 2024 presidential run. The cancellation was due to the approach of Hurricane Idalia, which hit Florida’s coastline on Aug. 30.DeSantis has taken certain positions relevant to digital asset users. In July, he vowed to ban central bank digital currencies, or CBDCs, should he win the presidency. According to DeSantis’ campaign website, it was only accepting fiat donations using a credit card.Miami Mayor Francis Suarez announced he would be accepting crypto campaign contributions in August, but dropped out of the race after failing to qualify for the first Republican Party debate. Campaigns for Republican candidate Vivek Ramaswamy and longshot Democratic candidate Robert F. Kennedy Jr. have both announced they will accept BTC contributions for their respective presidential runs.Historically, crypto contributions to individuals running for federal office, when accepted, have not been make-or-break for the candidates. Andrew Yang’s political action committee accepted BTC donations for his 2020 campaign, but he ended up dropping out of the race in February 2020. Lawmakers in certain U.S. states have aimed to regulate disclosure rules for digital asset contributions or otherwise establish a limit to the amount any one person can give in crypto. In December 2022, the U.S. Federal Election Commission issued an advisory suggesting companies could provide nonfungible tokens to campaign contributors. Florida Gov. Ron DeSantis cancelled a campaign event in which he was reportedly planning to announce the acceptance of cryptocurrency contributions toward his 2024 presidential run due to the approach of Hurricane Idalia. DeSantis has taken certain positions relevant to digital asset users, including a vow to ban central bank digital currencies should he win the presidency. His campaign website was only accepting fiat donations using a credit card.Miami Mayor Francis Suarez announced he would be accepting crypto campaign contributions in August, but dropped out of the race after failing to qualify for the first Republican Party debate. Campaigns for Republican candidate Vivek Ramaswamy and longshot Democratic candidate Robert F. Kennedy Jr. have both announced they will accept BTC contributions for their respective presidential runs.Historically, crypto contributions to individuals running for federal office, when accepted, have not been make-or-break for the candidates. Lawmakers in certain U.S. states have aimed to regulate disclosure rules for digital asset contributions or otherwise establish a limit to the amount any one person can give in crypto. In December 2022, the U.S. Federal Election Commission issued an advisory suggesting companies could provide nonfungible tokens to campaign contributors.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries	🇺🇸 🇬🇪
Sentiment	neutral
Relevance Score	8
People	Francis Suarez, Vivek Ramaswamy, Robert F. Kennedy Jr., Ron DeSantis
Companies	Miami Herald, Republican Party, Bitcoin, Francis Suarez, Ether, U.S. Federal Election Commission, Donald Trump, Joe Biden, Andrew Yang
Currencies	Ethereum, US Dollar, British Pound, Bitcoin
Securities	None