During the recent Republican Party presidential debate, a notable shift in political discourse regarding crypto emerged as US presidential candidate Vivek Ramaswamy openly criticized US Securities and Exchange Commission (SEC) Chair Gary Gensler, alongside other federal agencies, for their handling of digital currency regulation.
Presidential Candidates Throws Jabs At Gensler And Current Policies
Ramaswamy, addressing the audience, described the SEC’s approach as “nothing short of embarrassing,” particularly highlighting Gensler’s refusal to classify the Ethereum token as a commodity in congressional hearings.
His comments were motivated by the scrutiny of regulatory bodies of crypto enthusiasts, and industry stakeholders. When the moderator asked Ramaswamy if his crypto plan, which he said would “ensure economic freedom for Americans,” also “ensure economic freedom for fraudsters, criminals and terrorists,” Ramaswamy replied:
Look, fraudsters, criminals and terrorists
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