Crypto News – A question on Vivek Ramaswamy’s stance on cryptocurrency was posed at the Republican presidential debate on Wednesday night in Tuscaloosa, Alabama.
First Question to Republican Vivek Ramaswamy on Crypto
Regarding former Binance CEO Changpeng Zhao’s guilty plea to charges of violating money-transmitting regulations and sanctions, Ramaswamy was asked a question about it.
Fraudsters, criminals, and terrorists have been defrauding people for a long time. Our regulations need to catch up with the current moment. The fact that SBF was able to do what he did FTX shows that whatever they have is the current framework isn’t working,
Ramaswamy
Ramaswamy Involves Crypto in Election Campaign
The inclusion of cryptocurrency in Ramaswamy’s campaign is a rare move among politicians. Advocating for the majority of cryptocurrencies to be classified as commodities outside the purview of the U.S. Securities and Exchange Commission’s (SEC), he unveiled a plan to significantly cut the SEC‘s workforce and loosen regulations on the cryptocurrency industry.
It’s nothing short of embarrassing that Gary Gensler, the SEC chair, couldn’t even confirm in front of Congress whether Ethereum is a regulated security. This is another example of the administrative state going too far.
Ramaswamy
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