GOP Candidate Ramaswamy Would Reduce Govt Involvement in Crypto If Elected
The 2024 United States presidential candidate, Vivek Ramaswamy, has disclosed his plans to curb the Securities and Exchange Commission’s (SEC) control and government involvement in the crypto space if elected.
In an exclusive interview with CoinDesk.tv earlier today, Ramaswamy stated his commitment to ousting most SEC officials and facilitating an environment for digital assets to thrive as commodities.
Rolling out my “Three Freedoms of Crypto” policy framework at the North American Blockchain Summit this morning in Texas. Since the inception of crypto, the shadow government in the administrative state in Washington, D.C., and its cronies on Wall Street have tried to quash its… pic.twitter.com/eo2oUTlVMf
— Vivek Ramaswamy (@VivekGRamaswamy) November 16, 2023
Ramaswamy, representing the Republican party, also known as the Grand Old Party (GOP), is currently the only candidate with a comprehensive crypto framework.
He noted that his framework will protect software developers and create more blockchain freedom. To achieve this, the presidential candidate will introduce the “Three Freedoms of Crypto” policy.
This policy includes protecting developers from prosecution based on their codes, preventing federal agencies from creating rules that restrict self-hosted wallets, and ensuring the freedom for blockchain projects to thrive.
“Any unconstitutional regulation the US Congress did not explicitly give the SEC to will be null and void. This will apply to most regulations governing the crypto industry,” he added.
While supporting the government’s pursuit of bad actors in the industry, Ramaswamy stressed the importance of distinguishing between developers’ codes and the platforms themselves.
He referenced the Coinbase-backed Tornado Cash
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