Ron DeSantis, one of the US Presidential candidates, recently unveiled a “Declaration of Economic Independence”, outlining some of the biggest financial challenges that America currently faces. He pledged to let the cryptocurrency industry thrive and not allow the launch of a central bank digital currency (CBC). DeSantis has been one of the most vocal crypto supporters among all the candidates. He proposed to keep taxes low, reduce inequality in society, make the cost of living more affordable, and limit illegal immigration. He also promised to strengthen the banking sector of the USA by requiring “clear language disclosures of shadow banks to increase transparency and better track systemic risks”. He vowed to replace Jerome Powell from his post as a Federal Reserve Chairman with someone who will aim at “maintaining a stable dollar instead of the political pressures of the day”. DeSantis also promised to work against the possible creation of a CBDC by blocking any attempts of the Fed in this field. On the other hand, he vowed to support the advancement of the cryptocurrency industry and cease the “politically driven debanking and financial doxing”. Earlier this summer, DeSantis criticized the current President of the US – Joe Biden – for waging “war on Bitcoin” and promised to end this hostile approach should he become the next political leader of the nation. He argued that the only reason why the government is against the crypto sector is because they can not control it. Ron DeSantis, one of the US Presidential candidates, recently unveiled a “Declaration of Economic Independence”, outlining some of the biggest financial challenges that America currently faces. He proposed to keep taxes low, reduce inequality in society, make the cost of living more affordable, and limit illegal immigration. He also promised to strengthen the banking sector of the USA by requiring “clear language disclosures of shadow banks to increase transparency and better track systemic risks”. DeSantis vowed to replace Jerome Powell from his post as a Federal Reserve Chairman with someone who will aim at “maintaining a stable dollar instead of the political pressures of the day”. He also promised to work against the possible creation of a CBDC by blocking any attempts of the Fed in this field. On the other hand, he vowed to support the advancement of the cryptocurrency industry and cease the “politically driven debanking and financial doxing”. DeSantis criticized the current President of the US – Joe Biden – for waging “war on Bitcoin” and promised to end this hostile approach should he become the next political leader of the nation. He argued that the only reason why the government is against the crypto sector is because they can not control it.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	positive
Relevance Score	8
People	Jerome Powell, Ron DeSantis, Joe Biden
Companies	Jerome Powell, PrimeXBT, Joe Biden, Binance, Federal Reserve
Currencies	None
Securities	None