Vivek Ramaswamy’s Cryptocurrency Policy
U.S. presidential candidate Vivek Ramaswamy recently revealed his cryptocurrency policy. He announced his “Three Freedoms of Crypto” framework at the North American Blockchain Summit in Texas, emphasizing his intention to liberate innovative sectors, including crypto, from what he calls the unconstitutional shadow government.
Ramaswamy’s Three Freedoms
Ramaswamy’s three basic principles form the foundation of his forthcoming cryptocurrency policy. They include the freedom to code, the freedom to financial self-reliance, and the freedom to innovate without regulatory overreach.
Freedom to Code
Ramaswamy believes that code is a form of speech and should be protected by the First Amendment. He emphasized that developers should not be targeted, but rather individual bad actors who violate existing laws.
Freedom to Financial Self-Reliance
The presidential hopeful views certain money laundering statutes as unconstitutional and has promised that any regulation touching self-hosted wallets will end during his presidency.
Freedom to Innovate Free from Regulatory Overreach
Ramaswamy has pledged to rescind any unconstitutional regulations on day one as president, with an expected 75% reduction in federal bureaucrats within the first year.
Hot Take: Ramaswamy’s Pledge for Crypto Freedom
Vivek Ramaswamy’s “Three Freedoms of Crypto” policy framework seeks to liberate the crypto sector from what he deems as unconstitutional government interference. His focus on protecting developers’ rights and financial independence could significantly impact the future landscape of crypto regulation in the United States.
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