Florida Joining The Cryptocurrency Party?

Leave it to Governor Ron DeSantis to oppose whatever the Biden Administration is doing. A presumed contender in the next Presidential Election, DeSantis is making some noise nationally with his outspoken positions against the President.

Cryptocurrency is the latest arena where the Governor is looking to stand up to the Administration.

So far, the Biden Administration has not taken a friendly stance towards cryptocurrency. This has led to interesting positioning by different politicians, crossing both parties. Suddenly we have Ted Cruz standing up as a defender of cryptocurrency while AOC took the position that being a non-crypto owner will allow her to look at the situation without bias.

Of course, at the local level, nobody is ahead of Mayor Suarez of Miami. Over the past year, he did everything he could to make Miami a "crypt-hub". His tenacity on this issue cannot be disputed, leading many to believe he would push his way toward Tallahassee (Florida's Capital) if he had to.

Evidently, he caught the ear of the Governor.

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Florida Pro-Crypto?

DeSantis believes that Floridians should be able to pay state fees using cryptocurrency. This is part of his new openness (at least publicly) toward digital assets. Is it because he finds it politically advantageous or does he truly see the potential? While the former is most likely since, after all, he is a politician, there is some evidence he understands some of the basics of what is taking place.

In addition to the paying of state fees in Bitcoin or other cryptocurrencies, we have this:

He added that the authorities plan to launch pilot programs to explore the use of blockchain technology to monitor motor vehicle records as well as validate Medicaid settlements.

Taking a look at blockchain is not a bad idea. We know there is potential for governments to streamline many operations.

He also recommended that $250,000 from the total budget be distributed to support a Blockchain Title Pilot Program within the Department of Highway Safety and Motor Vehicles. DeSantis opined that the underlying technology of cryptocurrencies could be of help when monitoring automobile records. Moreover, he proposes blockchain technology to be implemented in Florida’s Agency for Health Care Administration since it could authenticate Medicaid transactions and detect potential fraud.

Miami might be the most pro-crypto city in the United States. That said, Florida will have to go to some lengths with states such as Wyoming already forging laws that are extremely crypto-friendly.

Nevertheless, the Governor did offer a positive outlook:

“This is something that we welcome, and we want to make sure that the state government is crypto-friendly.”

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While DeSantis is likely far from a crypto-advocate, his opportunistic ploy is welcomed. Even if his motives are politically motivated, all support is welcomed. Anything to counteract the actions at the Federal level is of benefit.

Stalemate Is The Goal

Resolution is not required. Many feel that negotiation and agreement is what should be focused upon. That is not the direction we need to head in.

Simply put, we just need to assemble the forces that can cause an old fashioned stalemate. If we can do this, we win.

The industry's success is going to depend upon its ability to develop. Give it enough time and the innovation will come forth. The only threat is if the political and bureaucratic machine hinders the progress. For this reason, anything (or anyone)that stalls things is an ally.

While there are sound reasons for Miami, Wyoming, Florida, and Texas to align on the side of cryptocurrency (blockchain), the fact they are a counterweight to what is taking place in Washington is all we need. As more governments (state, provincial, or local) embrace cryptocurrency to some degree, they become bedfellows. So far, the industry is creating some strange ones which only adds more power. Without clear line based upon party, things become very unstable from a political standpoint. This is exactly what we need.

We already know the success of CityCoin which is a way for cities to raise money through the establishment of their own token. Miami was the first project to go live followed by NYC. Austin is the next one slated to get their own token.

Here is a map from the CityCoin website:

It is obvious there are plans to spread to other areas around the world.

Having Florida joining the party at the state level can only add to the cryptocurrency cause. The state has the third largest population behind California and Texas. This means that it can provide visibility to a large number of people.

The next couple years are going to be a lot of fun as different entities see the personal benefit to cryptocurrency. This is going to draw some really interesting lines of battle as personal opportunity is going to outpace protection of the existing structures.

We might get to the point where the Feds find themselves outnumbered as a lot of states and cities embrace the financial benefit that comes from cryptocurrency.

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