Ramaswamy’s Crypto Deregulation Plan Is Scaring the Industry
- Candidate could be in line for post in a Trump administration
- Wide majority of Americans are leery of crypto, survey finds
Vivek Ramaswamy
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Presidential candidate Vivek Ramaswamy’s call for mass deregulation of the cryptocurrency industry and drastic cuts to the Securities and Exchange Commission are the makings of crypto regulators’ nightmares, yet a version of that plan could be a reality if a Republican wins the White House.
Ramaswamy — who is polling in the single digits — is unlikely to become the 2024 Republican presidential nominee, but he has echoed many policy positions of frontrunner Donald Trump, teeing himself up for a potential high-profile spot in a GOP administration that could have significant sway over crypto.