Federal Courts Are the Only Line of Defense Against Shadow Government, Ramaswamy Says
Vivek Ramaswamy, a candidate for the Republican Party’s nomination for the 2024 presidential election in the United States, believes that the recent court ruling in favor of Grayscale Investments against the SEC is a win for Bitcoin and blockchain innovation in America. He took to social media to express his thoughts on the decision and criticize the “shadow government” in D.C. According to Ramaswamy, the federal courts are now the only defense against the unlawful actions of government agencies. He praised the ruling for keeping Bitcoin and blockchain innovation in the U.S., but believes the case should never have gone to court in the first place.
- The court ruling in favor of Grayscale clears a path for Bitcoin and blockchain innovation in America.
- Ramaswamy criticizes the “shadow government” in D.C. and views federal courts as the defense against unlawful government actions.
- He believes the case should not have reached the courts and vows to rescind federal regulations that fail the Supreme Court’s test.
- Ramaswamy joins other crypto-friendly candidates who aim to protect people’s rights to use Bitcoin and oppose central bank digital currency (CBDC).
- The ruling in the case of Grayscale is seen as a win for the crypto industry amid ongoing regulatory crackdown and lawsuits.
Hot Take
Vivek Ramaswamy’s support for the court ruling in favor of Grayscale reflects the growing importance of federal courts in protecting the interests of the crypto industry. His criticism of the “shadow government” and promise to rescind federal regulations align with the sentiments of many crypto enthusiasts. As the 2024 presidential election approaches, it will be interesting to see how candidates continue to position themselves regarding cryptocurrencies and blockchain technology.
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