Vivek Ramaswamy, the U.S. presidential candidate, unveiled his policy framework called ‘Three Freedoms of Crypto.’ As a President, he stated that he would make sure the different innovative sectors, including cryptocurrency, would be “liberated from the shackles of the unconstitutional shadow government.”
He also expects to revoke a majority, if not all, of the U.S. SEC (Securities and Exchange Commission) regulations applicable to cryptocurrencies.
Vivek Ramaswamy’s Policy About Cryptocurrency:
Vivek Ramaswamy, the presidential candidate of the United States, recently unveiled his crypto policy on the 16th of November.
He took to X to say, “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 rise. They have implemented policies through the *backdoor* using administrative rule-making and arbitrary enforcement that Congress never passed. As President, I will ensure that innovative sectors, from crypto to energy to drug discovery, are liberated from the shackles of the unconstitutional shadow government.”
Ramaswamy went on to clarify that the three primary principles he rolled out happen to form the concrete backbone of what will be the upcoming crypto policy framework under the administration.
Also, he believes that these are the principles that can impact the road taken by future US presidents or Congress while addressing the whole cryptocurrency industry.
While outlining the three principles, he said, “They are the freedom to code, the freedom to financial self-reliance, and the freedom to innovate free from regulatory overreach.”
And That Wasn’t All:
The presidential candidate went on to explain each of the principles in detail, “I believe that code is a form of speech, and it’s protected by the First Amendment.” He, specifically, promised: “Any regulation that touches self-hosted wallets will end on my watch.”Ramaswamy also promised: “On day one, as your next president, I will rescind any unconstitutional regulations that fail the Supreme Court test in West Virginia v. EPA. To be clear, that will include most, if not all, of the SEC regulation as it applies to crypto. I’ll make sure that all regulatory agencies stand down from enforcing any regulations that fail that test, noting that in year one, he expects a 75% reduction in the number of federal bureaucrats.”