Presidential Candidate Criticizes SEC Chair and Regulators
Presidential hopeful Vivek Ramaswamy criticized SEC chair Gary Gensler and other regulatory agencies during a recent Republican presidential debate. Ramaswamy accused regulators of failing to keep up with the crypto industry.
Ramaswamy’s Comments on Ether
During the debate, Ramaswamy expressed his disappointment that Gensler couldn’t acknowledge that Ethereum’s Ether should be considered a commodity. He called it “nothing short of embarrassing.”
Crypto-Friendly Policies and Fraud Prevention
When asked about preventing fraud in the crypto industry, Ramaswamy emphasized the need for regulations to catch up with the current moment. He stated that fraudsters, criminals, and terrorists have been defrauding people for a long time.
Debate Statements on Capitol Riots and CBDCs
Ramaswamy also made controversial claims during the debate, suggesting that the Jan. 6 Capitol riots were an “inside job” and linking the great replacement theory to the Democratic Party platform. Fellow candidate Ron De Santis voiced his opposition to central bank digital currencies (CBDCs) and vowed to reject their implementation if elected president.
Crypto as a Central Theme in Presidential Campaigns
Ramaswamy is one of the few presidential candidates who have prioritized crypto in their campaigns. He is the only Republican candidate to have unveiled a crypto policy framework. Meanwhile, former Democratic candidate Robert F. Kennedy has made crypto a cornerstone of his campaign, even proposing to back the U.S. Dollar with Bitcoin if elected president.
Crypto’s Growing Significance in US Politics
Crypto has become a contentious issue in the United States, with Senator Elizabeth Warren declaring a “war on crypto” as part of her senate re-election campaign.
Hot Take: Presidential Hopeful Criticizes SEC Chair and Calls for Crypto Regulation
Presidential candidate Vivek Ramaswamy criticized SEC chair Gary Gensler and other regulatory agencies during a recent Republican presidential debate. He expressed disappointment in Gensler’s failure to acknowledge Ether as a commodity. Ramaswamy emphasized the need for regulations to catch up with the crypto industry to prevent fraud. He made controversial statements about the Capitol riots and linked them to the Democratic Party platform. Fellow candidate Ron De Santis opposed central bank digital currencies and pledged to reject their implementation if elected. Ramaswamy and other candidates have made crypto a central theme in their campaigns, highlighting its growing significance in US politics.
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