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DeSantis Accuses Biden of 'War on Bitcoin,' Vows to Stop It if Elected President
DeSantis is likely referring to the recent action by the Securities and Exchange Commission (SEC) against multiple crypto exchanges.
Updated Jul 31, 2023, 8:37 p.m. Published Jul 31, 2023, 8:37 p.m.
Takeaways
- Presidential candidate and Florida Governor Ron DeSantis (R-Fla.) said he will end the Biden Administration's alleged "war on bitcoin and cryptocurrencies," during a campaign event in New Hampshire.
- "We are going to allow Americans to invest in things like bitcoin and cryptocurrency," he said.
Presidential candidate and Florida Governor Ron DeSantis (R-Fla.) called out the Biden Administration for its “war” on bitcoin and cryptocurrencies and vowed to end it should he become President.
“Biden's war on bitcoin and cryptocurrency will come to an end when I am president,” he said at a Monday campaign event in New Hampshire. “We are going to allow Americans to invest in things like bitcoin and cryptocurrency. No one is forcing you to do it, if you want to do it, you can do it.”
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DeSantis is likely referring to the recent charges brought against crypto exchanges like Coinbase and Binance by the Securities and Exchange Commission (SEC). Although SEC commissioners are appointed by the President, the agency is independent from the government.
Biden's record itself on crypto is murky and leaves a lot to interpretation. He's taken almost no direct actions on the industry apart from guiding his regulatory agencies to study it and come up with ways to oversee the sector. DeSantis has accused Biden in the past of pushing for a digital dollar, but his administration hasn't yet taken a position on issuing a central bank digital currency.
Read more: Florida’s DeSantis Waging Toothless Campaign Against Digital Dollars, Lawyers Say
DeSantis has struggled to catch up to former President Donald Trump in the early days of the presidential contest, and he's sometimes used digital assets issues to highlight one of the divisions between his pro-crypto views and Trump's past skepticism.
Though DeSantis has generally been considered Trump's chief rival for the Republican nomination, a recent New York Times/Siena College poll showed DeSantis is trailing Trump's 54% to 17% among likely Republican voters.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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ECB’s Christine Lagarde shifts focus to digital euro rollout after holding rates
With technical and preparatory work complete, the ECB pressed lawmakers to move quickly on Europe’s public digital currency amid global stablecoin concerns.
What to know:
- The European Central Bank has completed its preparatory work on the digital euro, awaiting action from political institutions.
- ECB President Christine Lagarde emphasized a data-driven approach to interest rate decisions, with inflation projected to meet the 2% target by 2028.
- The digital euro is prioritized as a strategic financial tool, expected to launch in the second half of 2026.
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