Hurricane Idalia delays Ron DeSantis’ reported plans to accept crypto campaign donations


Florida Gov. Ron DeSantis canceled a campaign occasion through which he was reportedly planning to announce the acceptance of cryptocurrency contributions towards his 2024 presidential run. 

According to an Aug. 29 report from the Miami Herald, DeSantis canceled a cocktail-hour fundraiser for his 2024 presidential campaign through which he was anticipated to begin accepting donations in crypto. The cancellation was due to the strategy of Hurricane Idalia — a storm that hit Florida’s shoreline on Aug. 30 earlier than shifting into Georgia.

DeSantis appeared to abstain from campaign occasions prematurely of the hurricane passing via Florida. He took to social media channels and press conferences to inform residents about evacuation orders and different related data.

Since asserting his campaign in May to seek the Republican Party nomination for president of the United States, DeSantis has taken sure positions related to digital asset customers. In July, he vowed to ban central bank digital currencies, or CBDCs, ought to he win the presidency.

According to DeSantis’ campaign web site, the candidate was solely accepting fiat donations utilizing a bank card. Cointelegraph reached out to the campaign for remark however didn’t obtain a response on the time of publication.

DeSantis, who’s trailing by double digits to former President Donald Trump in accordance to a number of polls, could be one among solely a handful of candidates to accept donations in cryptocurrencies like Bitcoin (BTC) or Ether (ETH). Miami Mayor Francis Suarez introduced he could be accepting crypto campaign contributions in August however dropped out of the race after failing to qualify for the primary Republican Party debate.

Campaigns for Republican candidate Vivek Ramaswamy and longshot Democratic candidate Robert F. Kennedy Jr. have each announced they will accept BTC contributions for his or her respective presidential runs. Many reviews confirmed each Ramaswamy and Kennedy polling within the single digits as of Aug. 30 — far behind their respective get together leaders, Trump and President Joe Biden.

Related: State caps or federal regulation: What’s next for political crypto donations

Historically, crypto contributions to people operating for federal workplace, when accepted, haven’t been make-or-break for the candidates. Andrew Yang’s political motion committee accepted BTC donations for his 2020 campaign, however he ended up dropping out of the race in February 2020.

Lawmakers in sure U.S. states have aimed to regulate disclosure guidelines for digital asset contributions or in any other case establish a limit to the quantity anyone particular person can provide in crypto. In December 2022, the U.S. Federal Election Commission issued an advisory suggesting firms might present nonfungible tokens to campaign contributors.

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