US Presidential Candidate Vivek Ramaswamy Drafting A Comprehensive Crypto Policy Framework

The crypto community was abuzz with excitement when Vivek Ramaswamy, a front-runner for the Republican Party’s presidential nomination, shared his visionary insights on cryptocurrency at Messari’s Mainnet conference.

His announcement of a soon-to-be-released crypto policy blueprint captivated attendees, hinting at a future where cryptocurrency and politics intertwine seamlessly.

A Sneak Peek into Ramaswamy’s Vision

At the heart of Ramaswamy’s conversation with Messari CEO, Ryan Selkis, was his commitment to soon unveil a detailed crypto strategy. Selkis, having gotten an early glance at this blueprint, affirmed it’s nearing completion, echoing the sentiment that the proposal’s development is “75% on track.”

Ramaswamy didn’t hold back his concerns about existing regulatory bodies, often hinting at them as obscure “three-letter” entities. Expressing skepticism, he criticized these institutions, like the SEC, labeling them as an unaccounted “fourth branch of government.” His perspective offers a fresh lens on how the crypto world perceives bureaucratic interventions.

In recent times, Ramaswamy celebrated a favorable verdict for Grayscale, a leading crypto asset manager. The decision, which rejected the SEC’s opposition to Grayscale’s Bitcoin ETF application, underscores his pro-crypto stance, resonating with industry enthusiasts.

Growing Congressional Embrace of Cryptocurrency

Ramaswamy’s crypto enthusiasm mirrors a broader sentiment brewing in the US political arena. Just last year, Senators Cynthia Lummis and Kirsten Gillibrand pushed for an encompassing crypto legislation. Though this ambitious effort has seen slow momentum, a more specific bill concerning US dollar-anchored stablecoins has progressed notably, even reaching a crucial House committee for review.

Furthermore, X owner and eccentric billionaire Elon Musk commended the presidential hopeful for his pro-Bitcoin advocacy, hinting at Ramaswamy’s potential as a “promising candidate.” Taking his crypto endorsement a step further, Ramaswamy made headlines in May by accepting Bitcoin as campaign contributions.