Vivek Ramaswamy, a Republican presidential candidate, has shared his views on Bitcoin and the Biden administration’s energy policies in a recent interview. He also revealed his crypto policy framework, which aims to protect Bitcoin from government interference.
Ramaswamy voiced out his perspective of Bitcoin being an escape route from the flawed financial structure that the U.S. Federal Reserve System has built. He expressed his desire to uphold the dollar’s position as the world’s reserve currency. Simultaneously, he believes that Bitcoin is keeping the dollar honest by stopping unjust adjustments.
He stated his opposition to corporatism – the fusion of state and private powers. He shared a contrasting standpoint – the government ought to leave Bitcoin users alone.
It’s not how do we integrate. It’s how do you actually realize the initial promise of being an alternative Wild West that’s a true frontier for pioneers and explorers without being constrained, said Ramaswamy.
Biden Administration’s Bitcoin Concerns
Ramaswamy criticized the Biden administration’s energy policies, which he said have nothing to do with the energy, but rather with creating a surveillance state. He said that the administration wants to monitor how people use their energy, and that if they can do that, they can monitor anything.
He warned that the administration is threatened by the existence of cryptocurrency, and that they do not want people mining for more Bitcoin, because that would make Bitcoin more popular and create a threat to the U.S. Federal Reserve. He said:
They’re threatened by the existence of Bitcoin. They don’t want people mining for more bitcoin because that would make Bitcoin more popular which in turn you know creates a threat to the incumbent status of the U.S. Federal Reserve itself.
Ramaswamy’s Crypto Policy Framework
Ramaswamy said that he has drafted a crypto policy framework, which he plans to release by Thanksgiving. He said that the framework is called the “Three Freedoms of Crypto,” and that it focuses on three principles: freedom from taxation, freedom from regulation, and freedom from confiscation.
He said that he wants to create a safe harbor for new cryptocurrencies, and that he wants to stop the offshoring of the crypto industry. He said that he also wants to institute a Buy Clean policy, which would promote the use of renewable energy for crypto mining.
He said that his job as president would be to make sure that the government stays away from the business of those who are innovating and pioneering in the crypto sphere. He said:
My job should be to make sure the government is staying the heck out of the business of those who are innovating and pioneering in different spheres in their own right, financial system included.
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