News View Non-AMP

2024 US Elections: V. Ramaswamy Points to SEC’s Regulatory Failures, Urges Action

Published by
Qadir AK

The SEC has only worsened crypto troubles in the US, which has been plagued by regulatory issues for years. With Argentina embracing a Pro-Crypto leader, can the United States follow suit in the 2024 presidential race?

Here’s what’s happening.

Crypto for the Win!

Vivek Ramaswamy is emerging as a strong advocate in the 2024 presidential race, fueled not just by a love for crypto technology, but by his frustration with what he calls the “administrative state.” According to Ramaswamy, this bureaucratic hurdle has stifled innovation, especially in emerging fields like crypto.

In a recent Republican debate, Ramaswamy didn’t pull punches, taking direct shots at SEC chair Gary Gensler and other regulators for their slow response to crypto. He found Gensler’s classification of Ether as a commodity “embarrassing.”

Asked about preventing fraud in the crypto world, Ramaswamy emphasized the urgent need for updated regulations. He pointed to recent cases involving figures from Binance and FTX, suggesting these events exposed flaws in the current regulatory frameworks.

Controversial claims

But it wasn’t just crypto talk that grabbed attention. Ramaswamy shook things up by boldly claiming the Capitol riots were an “inside job” and tying the controversial great replacement theory to the Democratic Party’s platform – a move that sparked both intrigue and controversy.

CBDC Opposition Joins the Conversation

Another player in the crypto discussion is Ron DeSantis, echoing Ramaswamy’s rejection of central bank digital currencies. He vowed to discard the concept of CBDCs on day one as president, considering it a non-starter. While DeSantis hasn’t detailed his crypto policy, his alignment with Ramaswamy against a U.S. central bank digital currency labels it a threat to American liberty.

In the broader political spectrum, Ramaswamy stands out as the only Republican candidate with a robust crypto policy. Meanwhile, former Democratic contender Robert F. Kennedy has also jumped on the crypto bandwagon, proposing to back the U.S. Dollar with Bitcoin if elected.

Elizabeth Warren Doesn’t Back Down

Beyond the race for the presidency, the crypto debate in the U.S. is heating up. Senator Elizabeth Warren is declaring an outright “war on crypto” in her re-election bid. As candidates vie for support, the prominence of crypto in national politics indicates a significant shift in policy discussions, promising an engaging journey ahead.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

XRP News Today: Ripple Transfers $498M to Unknown Wallet

Ripple recently moved over 230 million XRP, valued at around $498 million, to an unknown…

June 7, 2025

Donald Trump Earns $1.2B From Crypto

Donald Trump, often called “The Crypto President,” has reportedly earned over $1 billion from crypto…

June 7, 2025

SUI Price Gears Up for a Breakout: Here are the Key Levels to Watch Following the Golden Cross

The SUI price triggered a strong reversal before the daily close, pushing the levels back…

June 7, 2025

Ethereum (ETH) Price Prediction: Can Rising Demand from BlackRock Fuel Bullish Momentum?

Ethereum (ETH) price experienced a similar volatility to Bitcoin (BTC) in the past 24 hours,…

June 7, 2025

Bitcoin (BTC) Price Analysis: Dead Cat Bounce or Full Blown Rebound?

After a major downfall in the relationship between the two most powerful pro-crypto individuals, Elon…

June 7, 2025

World Liberty Announces Strategic Acquisition of Official Trump ($TRUMP) and the Closure of Trump Meme Wallet

Eric Trump, the Executive Vice President of the Trump Organization, has announced a strategic partnership…

June 7, 2025