Vivek Ramaswamy, an American entrepreneur and U.S. presidential candidate, joins the discussion to share his bold vision for reducing crypto regulation. He argues against the SEC’s perceived unconstitutional overreach, likening the nascent crypto industry to early-stage biotech. Ramaswamy posits that less regulation can actually decrease fraud risks, suggesting that Bitcoin and stablecoins could positively influence the Federal Reserve. Get ready for insights on innovation, personal choice, and his forthcoming crypto policy plan!
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Constitutional Concerns
Vivek Ramaswamy's interest in crypto stems from his broader goal of limiting the administrative state's power.
He believes the SEC's overreach in crypto is unconstitutional and stifles innovation.
insights INSIGHT
Biotech and Crypto Parallels
Ramaswamy sees parallels between biotech and crypto, both needing latitude for experimentation.
High barriers to entry in biotech, caused by regulation, benefit large companies at the expense of consumers.
insights INSIGHT
Investor Protection and SEC Overreach
Ramaswamy believes investor protection is best served by individual diligence, not government oversight.
While acknowledging existing laws, he wants the SEC to adhere strictly to those laws, not create new ones through enforcement.
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Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, the gang welcomes Republican presidential candidate Vivek Ramaswamy, who discusses his mission to end the U.S. government’s regulatory overreach of the crypto industry, the parallels between crypto and the biotech industry where he came from, whether “code is law” is an appropriate framework for crypto regulation, how Bitcoin could be a check on the Fed, and how less regulation would actually lead to fewer, not more, instances of fraud like FTX.
Ramaswamy is promising to release a comprehensive crypto policy plan this week.
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