Vivek Ramaswamy, a 2024 U.S. Presidential Candidate, champions crypto as a means to challenge the 'administrative state' inhibiting innovation. He discusses a radical plan to reduce federal regulations, emphasizing that 'code is law' should protect financial self-reliance. Ramaswamy critiques the U.S. government's repressive stance on crypto and proposes stabilizing the dollar by pegging it to commodities like Bitcoin. He passionately argues against central bank digital currencies and envisions blockchain's transformative potential across various industries.
01:02:09
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Crypto vs. Administrative State
Ramaswamy's interest in crypto stems from his opposition to the administrative state, which he believes stifles innovation.
He views crypto as a potential check on this overreach, offering an opt-out from the current system.
question_answer ANECDOTE
Presidential Firing Power
Ramaswamy claims prior presidents were misled about their inability to fire federal employees.
He argues civil service protections don't apply to mass layoffs, offering a legal path to his proposed firings.
insights INSIGHT
Code, Law, and Fraud
Ramaswamy supports "freedom to code" but acknowledges potential fraud within code-as-law systems.
He argues misleading users about a product's function, whether digital or physical, constitutes fraud.
Get the Snipd Podcast app to discover more snips from this episode
Vivek Ramaswamy is likely the biggest supporter of crypto among the current crop of presidential candidates. But his enthusiasm comes not from an inherent love of the technology or its principles themselves, but a dissatisfaction with what he calls the “administrative state” that’s stifled innovation in a number of important industries, crypto among them.
On this episode of Unchained, Ramaswamy discusses his radical plan to slash the number of people working at federal agencies; his three-point crypto policy plan based on the freedom to code as a protected form of expression, the freedom of financial self-reliance, and the freedom to innovate free from regulatory overreach; why the current orientation of the U.S. government towards regulation of the crypto industry by enforcement isn’t helping anyone; his plans to stabilize the U.S. dollar by pegging it to a basket of commodities that could eventually include Bitcoin; why he’s so opposed to central bank digital currencies; and what industries he thinks could benefit from the use of blockchain technology.
Unchained 