Pro-crypto presidential candidate Ron DeSantis gains support from Binance CEO CZ

[Akarsh Desai]

The story of the cryptocurrency industry is getting more significant as the 2024 Presidential elections draw near. The sector is hoping for a new president and administration that may create a better regulatory framework after the existing one for cryptocurrencies in the US has come under fire.

Recently, Ron DeSantis, a supporter of cryptocurrencies, received the endorsement of Binance CEO Changpeng Zhao (CZ). DeSantis and Miami Mayor Francis X. Suarez received accolades from CZ for their support of the cryptocurrency sector. CZ also expressed concern about the status of the US cryptocurrency ecosystem at the moment, pointing to the shutdown of banks that supported cryptocurrencies and ongoing legal disputes.

In addition to criticizing the Biden administration's attitude to crypto enforcement, DeSantis has been outspoken about his support for cryptocurrency. He thinks that anyone who wants to utilize cryptocurrency should be able to. The cryptocurrency community is hoping for the election of a pro-crypto government, but only time will tell how this will impact the regulation of cryptocurrencies.

[TomPluz]

DeSantis though can never beat Trump in the fight for Republican nomination despite the latter's many legal woes as his continuing lead remains to be insurmountable. I am hoping that Ron will be working to make sure Florida can be a big crypto hub into the future.