The Positive Impact of Grayscale’s Court Victory
The American entrepreneur Vivek Ramaswamy, a Republican Party nominee for the US Presidential election, believes that Grayscale’s recent court victory against the SEC is great news for the crypto industry. He is confident that this outcome will help keep Bitcoin and blockchain innovation within the United States, rather than seeing it relocate abroad. Ramaswamy, who is a strong advocate for the primary cryptocurrency, has also been critical of the potential launch of a central bank digital currency (CBDC) in America.
Here are the key points regarding Ramaswamy’s views:
– He praises Grayscale’s court victory, which ruled that the SEC was wrong to deny Grayscale’s plans to convert its Bitcoin Trust into a spot BTC ETF.
– Ramaswamy sees this outcome as a significant development that will enable Bitcoin and blockchain innovation to thrive within the US.
– He believes that the federal courts are the only defense against the “unlawful rogue behaviors” of government agencies.
– Ramaswamy criticizes the “shadow government” in Washington, DC, which he thinks is “out of control.”
– He emphasizes the importance of keeping Bitcoin and blockchain innovation within the US to maintain the country’s global competitiveness.
In conclusion, Vivek Ramaswamy welcomes Grayscale’s court victory and sees it as a step in the right direction for the crypto industry. He believes that this decision will help support and foster innovation in the US, while also highlighting the need to address the alleged overreach of government agencies.
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