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<p>In a surprising turn of events, Ron DeSantis, the Central Bank digital currency (<a href="https://www.cryptopolitan.com/cbdc-anti-surveillance-act-emmer-and-trump/">CBDC</a>) opponent and governor of Florida, announced that he is suspending his presidential campaign for the United States presidency. Citing a lack of a clear path to victory, DeSantis made this decision after finishing second to former President Donald Trump in the Iowa primary for the Republican Party nomination.&nbsp;</p> 
<h2 class="wp-block-heading" id="desantis-early-campaign-pledge-ban-on-cbdc">DeSantis’ early campaign pledge: Ban on CBDC</h2> 
<p>In a brief 4-minute announcement<a href="https://twitter.com/RonDeSantis/status/1749159384112845285" rel="nofollow noopener" target="_blank"> shared</a> on social media platform X (formerly Twitter), DeSantis expressed his support for Trump and his belief that a majority of Republican primary voters want to give Trump another chance.</p> 
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   <p lang="en" dir="ltr">“Success is not final, failure is not fatal: it is the courage to continue that counts.”<br><br>– Winston Churchill <a href="https://t.co/ECoR8YeiMm" rel="nofollow" target="_blank">pic.twitter.com/ECoR8YeiMm</a></p>— Ron DeSantis (@RonDeSantis) <a href="https://twitter.com/RonDeSantis/status/1749159384112845285?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">January 21, 2024</a>
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<p>Ron DeSantis, known for his staunch opposition to central bank digital currencies, had made a bold promise during his campaign, vowing to ban any potential version of the digital dollar if elected as President.&nbsp;</p> 
<p>At a campaign event in Iowa, he declared, “If I am the president, on day one, we will nix central bank digital currency. Done. Dead. Not happening in this country.”</p> 
<p>DeSantis was not alone in his stance against CBDCs; former President Trump had also taken a similar position during a recent campaign speech in Portsmouth, New Hampshire. Trump promised to “never allow” the Federal Reserve to create a CBDC, firmly stating, “I will never allow the creation of a central bank digital currency.”</p> 
<h2 class="wp-block-heading" id="cbdcs-a-controversial-topic">CBDCs: A controversial topic</h2> 
<p>Central bank digital currencies (CBDCs) have been a subject of intense debate and discussion in recent years. Unlike cryptocurrencies like Bitcoin, which are decentralized and not controlled by any central authority, CBDCs are centralized and backed by a nation’s central bank.&nbsp;</p> 
<p>Proponents argue that CBDCs could improve payment efficiency, enhance financial inclusion, and provide a more secure and regulated form of digital currency.</p> 
<p>However, critics raise concerns about<a href="https://www.cryptopolitan.com/u-s-states-inclusion-of-cbdcs-legal-tender/"> CBDCs</a> infringing on privacy rights and granting governments excessive control over their citizens’ financial transactions. </p> 
<p>These concerns have fueled opposition from figures like DeSantis and Trump, who believe that the introduction of a CBDC could have far-reaching implications for the country’s financial system and individual freedoms.</p> 
<h2 class="wp-block-heading" id="the-iowa-primary-results">The Iowa primary results</h2> 
<p>Ron DeSantis officially launched his presidential bid in July 2023, positioning himself as a conservative leader with strong views on issues such as CBDCs, immigration, and COVID-19 restrictions.&nbsp;</p> 
<p>In the Iowa primary for the Republican Party nomination held on January 15, DeSantis finished second, trailing behind Donald Trump by a significant margin of 21% in votes.</p> 
<p>This outcome was a clear indication of Trump’s enduring popularity within the Republican Party, and it appears to have played a pivotal role in DeSantis’ decision to suspend his campaign.&nbsp;</p> 
<p>With his eye on a second term in office, Trump’s influence remains a potent force in American politics, especially within his party.</p> 
<h2 class="wp-block-heading" id="desantis-pledges-support-to-trump">DeSantis pledges support to Trump</h2> 
<p>In his announcement of the suspension of his presidential campaign,<a href="https://www.cryptopolitan.com/why-does-ron-desantis-hate-cbdcs-so-much/"> Ron DeSantis </a>wasted no time in pledging his support to former President Donald Trump. He stated, “I will not stop now. It’s clear to me that a majority of Republican primary voters want to give Donald Trump another chance.” This declaration underscores the continued appeal and influence of Trump within the Republican Party.</p> 
<p>With DeSantis bowing out of the presidential race and throwing his support behind Trump, the dynamics of the Republican primary race have shifted significantly.&nbsp;</p> 
<p>Trump’s position as a front-runner in the Republican Party appears to be secure, and his anti-CBDC stance continues to resonate with a substantial portion of the party’s base.</p> 
<p>As the presidential campaign season unfolds, the debate over central bank digital currencies and their role in the future of the American financial system will likely remain a prominent issue. </p> 
<p>While DeSantis may have exited the race, his vocal opposition to CBDCs, shared by Trump and others, ensures that this topic will continue to be a focal point in the ongoing political discourse.</p>

Trump’s shadow looms large as CBDC opponent DeSantis exits race

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