This week, Vivek Ramaswamy, the GOP presidential candidate currently second only to Donald Trump in some polls, made a bold announcement at Messari’s Mainnet crypto conference.
The Mainnet Conference Spotlight
In a “fireside chat” with Messari CEO Ryan Selkis, Ramaswamy announced plans to release a “comprehensive crypto policy framework” by Thanksgiving.
The conversation ranged from recent SEC rulings to the disruptive potential of crypto for traditional finance sectors.
Selkis mentioned that he had seen the framework, indicating it’s about “75% there.”
The Fourth Branch
Ramaswamy didn’t shy away from voicing strong views on how the government should interact with crypto. He criticized the regulatory bodies as an “unconstitutional fourth branch of government.”
“That is the cancer at the heart of our federal government today,” Ramaswamy declared, adding that most political power is wielded by unelected individuals in these agencies.
🇺🇸 Crypto in the Political Arena
The event adds another layer to crypto’s increasing significance in U.S. politics. Ramaswamy’s endorsement could suggest a leaning of the crypto industry toward the right side of the U.S. political spectrum.
Who is Vivek Ramaswamy?
Before entering politics, Ramaswamy was a pharmaceutical entrepreneur. Known for his youthful, tech-forward approach, he is carving out space as a successor to Donald Trump’s MAGA movement. He’s seen as even more right-leaning than Trump on several issues, something which has caused a fair bit of controversy.
The Big Questions
Ramaswamy’s proposed crypto policy framework will undoubtedly be a subject of scrutiny. Will it further solidify crypto’s standing in politics? Will it influence the SEC and other regulators? And will it rally crypto enthusiasts to his presidential campaign?
