Vivek Ramaswamy, a contender for the GOP’s presidential nomination, recently revealed plans for a new crypto policy during his appearance at Messari’s Mainnet crypto conference.
A Fresh Approach to Crypto
Engaging in a candid conversation with Messari CEO, Ryan Selkis, Ramaswamy shared insights into the SEC’s recent decisions and the transformative role of cryptocurrency in challenging the traditional financial framework. Selkis, having had a glimpse of Ramaswamy’s policy draft, agreed with its near completion, mentioning it’s “about three-quarters ready.”
Challenging Regulatory Overreach
Ramaswamy didn’t hold back on his concerns regarding governmental engagement with the crypto realm. He emphasized his apprehensions about the “unconstitutional fourth branch of government,” referring to regulators. In his words, the crux of the problem with the current federal administration lies in the power bestowed upon unelected individuals in “tri-lettered” regulatory bodies.
Crypto’s Evolving Role in Politics
After the brief session with Anthony Scaramucci, the former Trump communication director, it became evident that crypto is steadily gaining ground in American politics. Selkis, in his introduction of Ramaswamy, noted the incredulity of having a significant presidential candidate discuss cryptocurrency just a few years ago.
Although the crypto industry’s genesis leans towards libertarianism, it hasn’t been tightly pigeonholed into any particular political quadrant in the U.S. Yet, with Ramaswamy’s vocal endorsement of the domain, indications point to a possible rightward tilt.
From Pharmaceuticals to Politics
Before stepping into the political arena, Ramaswamy carved a niche for himself in the pharmaceutical sector. Now, as a contender for the 2024 presidential race, he’s positioning himself as a modern, tech-savvy successor to Trump’s MAGA vision. His stance, more right-leaning than Trump on several fronts, came to the fore during a debate in August, where he faced criticism from Trump-era officials. A recent CNN survey shows Ramaswamy inching closer to the nomination, surpassing even Florida’s Governor, Ron DeSantis.
This wasn’t Ramaswamy’s inaugural positive discourse on crypto. Just a month ago, he lauded a court verdict against the SEC in its dispute with Grayscale, a ruling perceived as a win for the blockchain sector.
