Florida Governor: SEC is the judge, jury and executioner in the encryption field

Ron DeSantis, Governor of Florida and Republican presidential candidate, strongly criticized the Biden administration's attitude towards cryptocurrency in an interview with The Washington Observer. DeSantis said: "The SEC led by Biden is the judge, jury, and executioner in the cryptocurrency field, while the Federal Reserve continues to promote the development of CBDC." DeSantis opposes the lawsuits filed by the SEC against cryptocurrency companies, stating: "Due to regulatory reform, innovation is fleeing abroad. I will defend the right of Americans to hold digital assets without government interference. Cryptocurrency rules should be formulated by Congress, not regulatory agencies that do not understand the industry."