Crypto Twitter discussions about law and policy are informed chaos, a specialized cacophony. Despite the drama involved with Gov. Ron DeSantis’ announcement on Twitter that he was running for president in 2024, he made some alpha drops about his stance on crypto.
The key takeaways from Desantis’ remarks were that crypto owners “have every right to do ,” and that central planners see Bitcoin as “a threat to them” that they want to regulate “out of existence.” He added that the Biden administration would ultimately seek to outlaw crypto, and he proudly emphasized that Florida last month became the first state to pass a law asserting it would never recognize a central bank digital currency (CBDC).
J.W. Verret is an associate professor at the George Mason Law School. He is a practicing crypto forensic accountant and also practices securities law at Lawrence Law LLC. He is a member of the Financial Accounting Standards Board’s Advisory Council and a former member of the SEC Investor Advisory Committee. He also leads the Crypto Freedom Lab, a think tank fighting for policy change to preserve freedom and privacy for crypto developers and users.