Quick take:

Ron DeSantis, the actual Governor of Florida, announced in a Twitter space organized by Elon Musk with more than 300,000 attendees that he will run for the US elections in 2024 and that he will protect the rights of people to own Bitcoin. Among other things discussed by DeSantis in the Twitter space, he mentioned that if he wins, he won't support CBDCs in the country.

This is not new for Ron DeSantis to support crypto, as he has shown interest in the industry, but nothing has showcased his commitment to protecting people's right to own it. It will be interesting to see in 2024, as both Ron DeSantis and Robert Kennedy Jr intend to support Bitcoin. Robert Kennedy Jr even accepts the currency to sponsor his campaign, becoming the first presidential candidate to accept it, to help build his presence among the strong contenders running for the presidency.

Delving into today's article

• Cryptocurrency Exchange Gemini Takes Flight, Leaving SEC Woes Behind

The cryptocurrency exchange, Gemini, founded by the Winklevoss twins, will set up its European headquarters in Dublin, Ireland. The news comes from an Irish newspaper, which mentions that the founders are moving the company primarily because of the business environment that the country represents because, there is already a law regulating crypto assets in Europe.

Gemini has strong ambitions in the Irish market, and just like the new MiCA (Markets in Cryptoassets) law, the venture will first apply for a license from the Irish central bank to be legally established in the country. By taking this direction, the exchange is confident that there are conditions to continue its work in the field of cryptocurrencies in Ireland, facing a new and challenging market for an exchange of its magnitude.

Gemini, the cryptocurrency exchange, is right now a established north-american company that, like many others in the cryptocurrency industry, is seeking new markets to continue their business. The American cryptocurrency space is becoming increasingly chaotic and still lacks clear legislation that regulates the cryptocurrency space, still using the same legislation that the securities sector monitored by the SEC uses.

However, this is the first time that a cryptocurrency exchange established in the United States openly expresses a desire to have an European headquarters. Coinbase, which also operates in the American territory and is one of the largest in the market, is openly at odds with the regulator but has not yet announced its intention to have a new headquarters outside the United States.

However, besides not mentioning this, Coinbase has already shown strong connections to the international market and even has a license to open an offshore exchange in Bermuda. The tropical country is not the only possible destination for Coinbase, as it also has strong ambitions to expand to the United Arab Emirates, and the CEO and team were there on a business mission.

Therefore, Gemini openly announcing its desire to have a new European headquarters in Dublin, Ireland, is just a step that many other cryptocurrency exchanges operating in the United States will take! The reason for this continues to be the inflexibility of the SEC, which insists on not creating a clear and exclusive law for the crypto industry, and with this behavior, we will see the migration of many crypto industries escaping to locations with clear laws and a healthy environment, such as the UAE, South Korea, Bermuda, and many others that aim to become global cryptocurrency hotspots.

And you, what do you think of Gemini's decision to migrate its headquarters to Ireland? Is this a good decision? Leave your comment below, and let's discuss the matter together.

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