Vivek Ramaswamy, a Republican contender for the 2024 U.S. presidential election, is working on a comprehensive crypto policy framework. Ramaswamy, who is Bitcoin-friendly, aims to unveil his platform by Thanksgiving. He has criticized the regulation-by-enforcement approach of U.S. government agencies under President Joe Biden's administration and pledged to reduce the personnel of regulatory bodies like the U.S. Securities and Exchange Commission (SEC) by three-fourths.
Republican Presidential Contender Vivek Ramaswamy Crafting Comprehensive Crypto Policy Framework
Vivek Ramaswamy, a prominent contender for the Republican Party's nomination in the 2024 U.S. presidential election, is actively developing a comprehensive crypto policy framework. As a proponent of Bitcoin and cryptocurrency innovation, Ramaswamy is on track to unveil his crypto platform by Thanksgiving, marking a significant step in the realm of U.S. presidential politics.
Ramaswamy shared his crypto policy plans during a recent appearance at the Messari Mainnet conference, generating considerable attention from both mainstream media and the cryptocurrency community. The Republican candidate revealed that his policy blueprint is currently 75% complete and welcomed input and feedback from the audience.
Speaking alongside Messari CEO Ryan Selkis, who has been collaborating with Ramaswamy's team on the draft, the Republican candidate emphasized the importance of having a well-defined stance on crypto assets and related activities. Selkis expressed his hope that people would actively engage with Vivek and his campaign to provide valuable feedback on the proposal.
If Ramaswamy follows through with his commitment, he will likely become the first among Republican presidential hopefuls to present a comprehensive crypto policy framework in the United States. This move signifies the growing importance of cryptocurrency and blockchain technology in the political landscape.
Notably, the current Republican front-runner, former President Donald Trump, has previously expressed skepticism about cryptocurrencies, despite issuing non-fungible tokens (NFTs) featuring his image and reportedly holding a substantial amount of Ethereum.
In contrast, Florida Governor Ron DeSantis, who leads Ramaswamy in most polls, has vowed to defend individuals' rights to use Bitcoin and has criticized the Biden administration's regulatory stance on cryptocurrency. However, DeSantis has yet to provide detailed insights into his crypto policy.
During his appearance at the crypto event in New York, Ramaswamy also criticized federal agencies for their approach of "regulation by enforcement." He pledged to reduce the staff of regulatory bodies like the U.S. Securities and Exchange Commission (SEC) by a significant margin if elected, emphasizing his commitment to fostering a more crypto-friendly regulatory environment in the United States.
Ramaswamy's foray into the development of a crypto policy framework signals a growing recognition of the significance of digital assets and blockchain technology in shaping the nation's future, as presidential hopefuls vie for the opportunity to lead the country in the years ahead.
(Lubomir Tassev, Bitcoin News, 2023)