The crypto-friendly Republican presidential candidate is opening up about his goal of eliminating what he sees as excessive US government regulation of the cryptocurrency industry.
Posted November 13, 2023 at 7:00 AM EST.
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra and Robert Leshner discuss the latest news. This week, the gang hosts Republican presidential candidate Vivek Ramaswamy, who discusses his mission to end the US government’s overregulation of the crypto industry, parallels between crypto and the biotech industry. where it originated, and whether “code is law” is an appropriate solution. framework for crypto regulation, how Bitcoin could be a check on the Fed and how less regulation would actually lead to fewer, not more, cases of fraud like FTX.
Ramaswamy promises to release a comprehensive crypto policy plan this week.
- what Vivek thinks about crypto and why he is interested in it as a presidential candidate
- why he thinks the SEC is engaging in “unconstitutional excesses” in crypto
- what are the similarities between early stage biotech and early stage crypto investments
- whether current regulatory requirements create a “false security blanket”
- how Vivek would act to ensure that the SEC does not go too far
- how the system should respond to less regulation in terms of fraud and innovation
- how stablecoins can strengthen the value of the dollar and Bitcoin can help discipline the Fed, according to Vivek
- whether Bitcoin is an asset the Fed should buy for its balance sheet
- why Vivek thinks it was a mistake to abandon the gold standard in the 1970s
- the gang’s account of the conversation: what stood out, where they agreed or disagreed with Vivek
- their reaction to the conviction of Sam Bankman-Fried