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Ramaswamy's Crypto Vision Lingers Beyond His Campaign
Vivek Ramaswamy dropped out of the GOP race. Yet his crypto ideas stick around 🚀. His approach to digital assets regulation feels unusually complete compared to other 2024 candidates. The crypto world still grapples with weird rules as we move through 2025.
He wanted to protect the basics. Software developers. Unhosted wallets. Nothing complicated. Treating cryptocurrencies as commodities, not securities? That would've changed everything 🌐. Kind of surprising how much resistance this idea still faces.
He talked big about cuts. A 50% reduction in federal workers on day one. The SEC was definitely in his crosshairs. "A big part of the problem is the proliferation of that bureaucracy," he said last year. Strong words.
His vision had clear priorities:
The man had opinions. "What we're missing today is clarity from regulators." He wanted to toss out rules targeting "perfectly legal behavior" just because regulators disliked it. Makes sense.
Gary Gensler caught some heat too. Ramaswamy seemed irritated by the SEC chair's wishy-washy stance on ETH: "If the head of the SEC cannot instantly answer whether some widely used cryptocurrency counts as a security or commodity, that means our current rules are a failure" 🔥. Hard to argue with that logic.
The Tornado Cash situation bothered him. Developers shouldn't face trouble just for writing code. It's not entirely clear why this principle remains controversial. Unhosted wallets matter for independence 🛡️. That's his take.
Politics moves on. Ramaswamy doesn't. But his concerns about regulatory fog, protecting developers, and proper classification? Those issues haven't gone anywhere as we head deeper into 2025 🌕. They might even matter more now.