Bitcoin Supporter Vivek Ramaswamy Drops Out of U.S. Presidential Race
Bitcoin (BTC) supporter Vivek Ramaswamy has officially withdrawn from the race for the U.S. presidency. In a public announcement on January 16, Ramaswamy endorsed Donald Trump’s candidacy, emphasizing the need for a patriot focused on America.
Ramaswamy’s decision to withdraw came after Trump emerged as the winner of the Iowa GOP primary with 51% of the vote. Florida Governor Ron DeSantis secured 21%, while former South Carolina Governor Nikki Haley received 19%.
Ramaswamy’s Stance on Blockchain and Cryptocurrencies
Ramaswamy has consistently emphasized his understanding of blockchain technology, positioning himself as the only candidate truly knowledgeable in this field. He opposed the integration of a central bank digital currency (CBDC), pledged to reduce mining taxes, and criticized the actions of SEC Chairman Gary Gensler.
Another cryptocurrency advocate, Miami Mayor Francis Suarez, previously dropped out of the 2024 presidential race after failing to progress beyond the GOP debate stage. As mayor, Suarez made notable moves such as accepting part of his salary in Bitcoin and supporting the MiamiCoin (MIA) token project. Alongside Democratic candidate Robert F. Kennedy Jr., Suarez was one of the few presidential contenders endorsing cryptocurrencies.
Hot Take: Ramaswamy’s Exit and the Future of Crypto-Friendly Candidates
Vivek Ramaswamy’s decision to withdraw from the U.S. presidential race further narrows down the field of candidates with explicit support for cryptocurrencies. With only Robert Francis Kennedy Jr. remaining as a pro-crypto contender, the future of digital assets in U.S. politics hangs in the balance. Kennedy’s promise to safeguard Bitcoin rights may provide hope for crypto enthusiasts, but it remains to be seen whether he can gain enough traction to secure victory. As the election progresses, the crypto community will closely watch how candidates address blockchain technology and its implications.
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