By Sandeep Bishnoi, September 21,2023
In a surprising turn of events, GOP presidential hopeful Vivek Ramaswamy made a significant announcement during his appearance at Messari’s Mainnet crypto conference in New York. Ramaswamy revealed his intention to unveil a comprehensive crypto policy framework by Thanksgiving, which sent ripples of anticipation through the crypto community.
During a “fireside chat” with Messari CEO Ryan Selkis, Ramaswamy expressed his optimistic view of blockchain technology and criticized regulatory agencies as a hindrance to innovation in the crypto space. He referred to these agencies as the “three-letter” regulatory bodies and went on to describe them as an “unconstitutional fourth branch of government,” asserting that they hold an undue amount of power without being elected.
Selkis, who had a glimpse of the proposed framework, echoed Ramaswamy’s sentiments, stating that it was currently “75% there.” This announcement comes at a time when crypto’s prominence in the U.S. political landscape is on the rise, as evidenced by a major presidential candidate speaking at a crypto conference. Selkis highlighted this fact by saying, “If you told me a couple of years ago that we’d have a major presidential candidate talking at a crypto conference, I don’t think anyone would have believed it.
“The crypto industry has historically been difficult to categorize within the U.S. political spectrum, but Ramaswamy’s open embrace of crypto may signal a shift towards the right. As a former pharmaceutical entrepreneur who has positioned himself as a tech-forward successor to Donald Trump’s populist MAGA movement, Ramaswamy’s political stances often lean further to the right than Trump on various issues. His debate performance in August garnered significant attention, with notable figures from the Trump administration, such as Mike Pence and Nikki Haley, taking notice of his rapid emergence as a serious political contender.
In a recent CNN poll released on Wednesday, Ramaswamy found himself in second place in the nomination race, trailing only behind Donald Trump. This placement placed him ahead of Florida Governor Ron DeSantis, who was initially considered Trump’s primary competition in the early stages of the campaign. Ramaswamy’s bold embrace of crypto and his growing political influence could reshape the political landscape in the United States in unexpected ways.