Presidential Candidate Vivek Ramaswamy Drafting Crypto Policy Framework
Vivek Ramaswamy, a contender for the Republican Party’s nomination for the 2024 U.S. presidential election, is currently working on developing a crypto policy framework. The candidate, who is known for his support of Bitcoin, aims to present his platform by Thanksgiving and is seeking input from the crypto community.
Ramaswamy Unveils Plan at Messari Mainnet Conference
During the Messari Mainnet conference, held on Thursday, Ramaswamy revealed his plan to the public. The announcement gained significant attention from U.S. media outlets and generated excitement among members of the crypto community. He mentioned that his blueprint is already 75% complete and encouraged the audience to provide their feedback.
@VivekGRamaswamy in the house at Mainnet talking crypto, regulation, and running for president pic.twitter.com/Kar6topmS7
— Phil Rosen (@philrosenn) September 20, 2023
Support from Messari CEO Ryan Selkis
Ramaswamy’s draft has been assisted by Messari CEO Ryan Selkis, who confirmed the progress made by Ramaswamy’s team so far. Selkis expressed his support for the candidate, stating that having a fully developed position on crypto from a major presidential candidate is significant and encouraged people to provide feedback.
Ramaswamy Aims to Be the First Republican Candidate with Comprehensive Crypto Proposal
If Ramaswamy follows through on his promise, he will likely become the first Republican candidate to release a comprehensive proposal for regulating crypto assets and related activities in the United States. Former President Donald Trump, the leading GOP candidate, has previously expressed his dislike for cryptocurrencies despite engaging in NFTs and owning an Ethereum wallet with a substantial balance.
DeSantis’ Stance on Crypto
Florida Governor Ron DeSantis, who currently leads in most polls ahead of Ramaswamy, has pledged to protect individuals’ rights to use Bitcoin and put an end to what he calls the current government’s “war on cryptocurrency” led by regulators under Democratic President Joe Biden’s administration. However, DeSantis has yet to provide detailed information about his crypto policy if he were to be elected president. Both DeSantis and Ramaswamy have spoken out against the issuance of a U.S. central bank digital currency (CBDC), arguing that it poses a threat to liberty in America.
Ramaswamy’s Criticism of Federal Agencies
At the New York crypto event, Ramaswamy, a 38-year-old entrepreneur with experience in pharmaceuticals, biotech, and finance industries, criticized federal agencies for their approach of “regulation by enforcement.” He also pledged to reduce the staff of regulatory bodies like the U.S. Securities and Exchange Commission (SEC) by 75%.
Hot Take: Vivek Ramaswamy’s Crypto Policy Framework
Vivek Ramaswamy, a Republican presidential candidate for the 2024 U.S. election, is currently working on a comprehensive crypto policy framework. Ramaswamy aims to be the first among Republican hopefuls to propose regulations for crypto assets and related activities in the United States. He unveiled his plan at the Messari Mainnet conference, seeking feedback from the crypto community. With support from Messari CEO Ryan Selkis, Ramaswamy’s blueprint is already 75% complete. His competitor, Florida Governor Ron DeSantis, has promised to protect people’s rights to use Bitcoin but has yet to elaborate on his own crypto policy. Ramaswamy also criticized federal agencies’ regulatory approach and plans to downsize their staff if elected.
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