Se Donald Trump does practically nothing to try to hide his obvious opposition to digital assets, in the ranks of the same Republican Party of the United States stands as a counterpart to the current tenant of the White House that Ron Paul that instead has long declared its support for virtual currencies.
A position not new and reiterated in the last hours during an interview given to CNBC, destined to be examined with some attention by analysts and experts, in light of the considerable prestige enjoyed by the Texas Congressman.
Who is Ron Paul
Ron Paul has been a US presidential candidate several times and currently chairs the Committee on Monetary Affairs of the House of Representatives. A leading exponent of the libertarian and non-interventionist current of his party, he is opposed in particular to the Neocons and to any attempt he has interpreted as an attack on the Constitution. His monetary policy positions are particularly interesting, especially those contrary to the Federal Reserve, considered an unconstitutional body, and in favor of instead restoration of the gold system.
As far as digital assets are concerned, Ron Paul made public his convinced support for virtual currencies already during the 2014, considering the dollar destined to disappear, as has already happened to other currencies. A disappearance that will not happen, however, for the competition of euros or yen, considered weak currencies, but proper of cryptocurrencies.
What did Ron Paul say?
In the CNBC interview, Ron Paul began by reiterating his appreciation for the cryptocurrencies previously expressed. An appeal deriving from the fact that it really thanks to them it is possible to prefigure an open competition between currencies which could benefit the entire company. So much to push him to declare himself totally favorable to decentralization of which they are proponents, up to limiting the intervention of governments for the sole purpose of reducing the danger of fraud or their use as instruments for the criminal economy. What the political and monetary institutions should guarantee, according to Paul, is the freedom of choice for consumers, without going to burden the sector with a series of constraints which could ultimately prove to be detrimental.
Precisely this is the most interesting part of the interview, as it digs a real gap with the declarations coming from other parts of politics, where instead we tend to try to establish a rigid series of posts in which digital coins should move. Just think, for example, of the repeated requests for regulation made by the central banks or the rather bellicose intentions highlighted by the Financial Services Commission of the Chamber, led by Maxine Waters, witnessed by the high demand against Facebook for the Menlo Park company to suspend the plans that should lead to the advent of Libra in the 2020. Positions that seem to be made on purpose to please the proponents of the digital economy, which make decentralization one of the qualifying points capable of promoting the usefulness of Bitcoin and other digital assets destined to remain in the field in the coming years.