Vivek Ramaswamy says his crypto policy will ‘ensure economic freedom for Americans’

Share This Post

U.S. Republican Presidential candidate Vivek Ramaswamy said his crypto policy guarantees a “vibrant future” for the emerging industry “to ensure economic freedom for Americans seeking an alternative to centralized finance,” according to a Nov. 27 post on social media platform X (formerly Twitter).

Ramaswamy explained that U.S. taxpayers’ funds were used to bail out traditional financial institutions 15 years ago, resulting in an “arranged marriage between big banks [and] big government that has poisoned the proper functioning of capitalism.”

However, crypto has emerged as a counter to that “ignominy” and would be further strengthened with his policies. Earlier in the month, Ramaswamy released his “Three Freedoms of Crypto” policy detailing how the industry would benefit from a transparent regulatory environment allowing cryptocurrency projects to thrive. 

Per Ramaswamy, the first pillar of the policy focuses on giving developers the “freedom to write and publish code.” The second pillar would allow Americans to be “financially self-reliant and independent.” The last pillar protects projects from the “regulatory overreach and uncertainty” that currently pervades the industry.

He concluded that these pillars will “unshackle American innovators from the administrative state that persecutes and stymies innovation.”

Since the race for the Oval Office began, Ramaswamy has emerged as one of the biggest supporters of the crypto industry, criticizing the regulation-by-enforcement approach adopted by federal agencies like the SEC. He promised to significantly reduce the workforce of these federal regulators if elected president.

More recently, he has reportedly expressed willingness to discuss Bitcoin at the upcoming Republican debate. According to recent polling data, the pharmaceutical entrepreneur continues to rank within the top four GOP candidates, securing 5% support in a field primarily led by former President Donald Trump.

The post Vivek Ramaswamy says his crypto policy will ‘ensure economic freedom for Americans’ appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Ethereum Price Repeats ‘Bullish Megaphone’ Pattern From 2017 – Why $10,000 Is Possible

The Ethereum price has formed a key technical pattern reminiscent of the one observed in 2017 when the cryptocurrency embarked on a major bull rally According to a crypto analyst, this pattern, known

Cardano Price Prediction: Will ADA Hit $2 First or XRP? Former Gains 50%

The post Cardano Price Prediction: Will ADA Hit $2 First or XRP Former Gains 50% appeared first on Coinpedia Fintech News ADA has currently slipped into the red zone, but it is holding strong above

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Ripple’s legal chief has unveiled bold strategies for incoming SEC leadership amidst crypto shifts, spotlighting Ripple’s battle-tested blueprint involving XRP Bold Steps Needed: Ripple

Avalanche Price Jumps 62%, AVAX Price Eyes To Hit $65?

The post Avalanche Price Jumps 62%, AVAX Price Eyes To Hit $65 appeared first on Coinpedia Fintech News As the altcoin market maintains its November bull rally, top tokens have added significant

NBA Goes Crypto: LA Clippers Partner With Coinbase In Major Deal

Cryptocurrency exchange Coinbase has revealed that it has struck a sponsorship agreement with a basketball team starting this National Basketball Association (NBA) season Related Reading: Coinbase

Top Analyst Claims XRP New ATH Is Just Around The Corner – Details

The crypto market has been abuzz with activity regarding XRP, and there is a consensus among investors that its anticipated return to all-time high (ATH) territory may occur sooner than anticipated