Ron DeSantis is the Governor of Florida and a Member of the United States House of Representatives from 2013 to 2017. He was elected as the 46th governor of Florida in 2018, succeeding Rick Scott.
DeSantis has been vocal about his support for cryptocurrencies and blockchain technology, making him one of the few politicians who have expressed enthusiasm for these emerging technologies. In 2019, he signed into law legislation providing a legal framework for companies involved in cryptocurrency transactions to operate within Florida. This included provisions that outlined which types of crypto activities would qualify as money transmissions under state law and what type of licensing or registration requirements might be necessary for those engaged in such activities.
In 2020, DeSantis proposed further measures related to cryptocurrency regulation by introducing Senate Bill 1390 which aimed to create exemptions from securities laws relating to certain digital asset tokens (such as Bitcoin). The bill passed with overwhelming bipartisan support and became effective on July 1st, 2021, allowing individuals engaging in certain limited transactions involving digital assets registered with the Financial Crimes Enforcement Network (FinCEN) or a qualified custodian to do so without registering them as securities under state law.
Overall, Ron DeSantis’ policies demonstrate his commitment towards creating an environment conducive towards innovation within the space – something many other states are beginning to explore more seriously now too. His efforts will likely help make Florida more attractive to businesses seeking guidance on how they can go about conducting their operations in compliance with applicable regulations while still taking advantage of this new technological revolution.
