Ramaswamy Is the Only GOP Candidate With a Crypto Plan

Republican presidential candidate Vivek Ramaswamy revealed a crypto plan today that aims to protect core aspects of the industry, including software developers and unhosted digital wallets. CoinDesk reports: Republican presidential candidate Vivek Ramaswamy has a message for most of the employees at the U.S. Securities and Exchange Commission (SEC) if he's elected to the White House: You're fired. And everybody still left at their desks would need to back off the crypto industry, according to the candidate's new policy strategy for U.S. digital assets. Most cryptocurrencies are commodities that are none of the SEC's business, according to Ramaswamy's crypto plan shared with CoinDesk on Thursday and set for public release at the North American Blockchain Summit in Texas. The pharmaceutical entrepreneur remains among the top four GOP candidates, maintaining 5% support in a dwindling field dominated by former President Donald Trump, according to polling data.

One issue that separates him from other candidates is his enthusiastic support of crypto as a financial innovation. He argues that the sector needs to have several freedoms protected: the right to code as a First Amendment freedom that should shield software developers from criminal or enforcement vulnerability, the right to maintain self-hosted digital wallets outside the reach of regulators and the right to know how each new virtual asset will be treated by the government. 'A big part of what we're missing today is clarity from our regulators,' Ramaswamy said in an interview with CoinDesk TV. 'What we're going to have is rescinding any of those regulations that are allowing the regulatory state to go after perfectly legal behavior, but by claiming that somehow it shouldn't exist because they don't like it. All of that can end on my watch.'

Read more of this story at Slashdot.