US presidential candidate Vivek Ramaswamy unveils crypto policy vision
Vivek Ramaswamy, a leading contender for the Republican nomination in the 2024 presidential race, has revealed his plans to create a comprehensive crypto policy framework by Thanksgiving. He shared his views on cryptocurrencies, regulation, and innovation at Messari’s Mainnet conference, a major event for the crypto industry.
Some of the highlights of his talk are:
- Pro-crypto stance: Ramaswamy supports a light-touch approach to crypto regulation, and criticizes the overreach of unelected agencies like the SEC. He believes that crypto is a disruptive force that can challenge the status quo of traditional finance and politics.
- Crypto policy framework: Ramaswamy has been working on a detailed proposal that will outline his vision for crypto regulation in the US. He aims to release it by Thanksgiving, and has received positive feedback from Selkis, who has seen a draft of it. The framework will likely address issues such as taxation, custody, privacy, and innovation.
- Crypto-friendly campaign: Ramaswamy has been vocal about his pro-crypto advocacy, and has received praise from X CEO Elon Musk as a “promising candidate.” He has also announced that he will accept Bitcoin donations for his campaign, and has celebrated a recent court ruling that favored Grayscale’s Bitcoin ETF application.