US Presidential Candidate Vivek Outlines Pro-Crypto Policy Vision
Ramaswamy aims to end “shadow government” backdoor policies.
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Presidential candidate Vivek Ramaswamy outlined his “Three Freedoms of Crypto” policy framework at the North American Blockchain Summit in Texas today. His vision aims to promote innovation and protect liberties in the crypto industry through reforming regulations imposed by administrative agencies.
Ramaswamy’s ‘Three Freedoms’ framework consists of the freedom to code, financial self-reliance, and the freedom to innovate. On the freedom to code, he stated that “code is speech” and that while the government can prosecute bad actors, it should not target code developers.
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
Regarding financial self-reliance, Ramaswamy criticized AML and KYC regulations that have “been weaponized.” He argued that “self-hosted wallets should not be touched” as part of a “Jeffersonian vision of financial self-reliance and independence.”
Finally, on the freedom to innovate, Ramaswamy blamed the “regulatory state” and not Congress for stifling innovation through administrative rule-making. As president, he would rescind unconstitutional regulations and downsize the federal workforce to liberate innovative sectors.
Ramaswamy also criticized SEC chair Gary Gensler for refusing to state whether Ethereum is a security. He explained that, if elected, unconstitutional regulations affecting crypto would be voided under his presidency, as part of broader administrative reform.
Ramaswamy also criticized SEC chair Gary Gensler for his refusal to provide clear guidance on whether major tokens like ETH are securities. Ramaswamy vowed that under his administration, clear rules would be established upfront rather than relying on after-the-fact SEC enforcement decisions.