GOP’s Ramaswamy Pitches Crypto Deregulation: Crypto in DC
Republican presidential hopeful <-bsp-person state=”{“_id”:”0000018b-ec9e-de26-a7ef-fcbeacf70000″,”_type”:”00000160-6f41-dae1-adf0-6ff519590003″}”>Vivek Ramaswamy-bsp-person> is <-bsp-bb-link state=”{“bbDocId”:”S4713EDWRGG0″,”_id”:”0000018b-ec9e-de26-a7ef-fcbeacf70001″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>pledging-bsp-bb-link> to rescind most federal regulations on the digital assets industry and drastically shrink the <-bsp-bb-link state=”{“bbHref”:”bbg://securities/13165Z%20US%20Equity”,”_id”:”0000018b-ec9e-de26-a7ef-fcbeacf70002″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Securities and Exchange Commission-bsp-bb-link>’s manpower as part of his crypto plan announced last week.
Ramaswamy’s proposals, the first crypto plan announced by a Republican candidate, runs counter to growing calls from his own party as well as Democratic lawmakers to bolster investor protections and set more stringent regulations following the collapse of <-bsp-person state=”{“_id”:”0000018b-ec9e-de26-a7ef-fcbeacf90000″,”_type”:”00000160-6f41-dae1-adf0-6ff519590003″}”>Sam Bankman-Fried-bsp-person>’s <-bsp-bb-link state=”{“bbHref”:”bbg://securities/1821506D%20US%20Equity”,”_id”:”0000018b-ec9e-de26-a7ef-fcbeacf90001″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>FTX-bsp-bb-link>.
Ramaswamy, the founder of a biotech company, says he would prohibit federal agencies from creating restrictions on crypto wallets held by …