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Vivek Ramaswamy, a pro-crypto U.S. presidential candidate who pledged to lay off most of the Securities and Exchange Commission (SEC) if elected president, <a href="https://twitter.com/TPostMillennial/status/1747114758522778107" rel="noopener noreferrer nofollow">suspended</a> his campaign for Republican leadership after a fourth-place finish in Iowa. Ramaswamy thanked his supporters in his concession speech. He also endorsed former President Donald Trump, saying, “I’m going to appear with Donald Trump at a rally in New Hampshire to lay out what I see and what we see for the future of the country.”&nbsp; <img src="https://www.livemint.com/lm-img/img/2023/05/21/1600x900/BITCOIN-MIAMI-2023-8_1684685894727_1684685901947.jpg" alt="US Elections: Vivek Ramaswamy accepts donations in Bitcoin, says 'a referendum on fiat currency' | Mint">
<h2 id="span-style-font-weight-400-vivek-ramaswamy-attacks-the-sec-span">Vivek Ramaswamy Attacks The SEC</h2> Ramaswamy has been a vocal advocate for the cryptocurrency space, and has not held back in his criticism of the SEC. In the fourth GOP primary debate, he <a href="https://insidebitcoins.com/news/presidential-candidate-vivek-ramaswamy-attacks-secs-crypto-regulation-says-gary-gensler-embarrassing" rel="noopener noreferrer nofollow">chastised</a> SEC Chairman Gary Gensler, as well as the SEC and the country’s regulatory framework, for not being able to rein in bad actors.&nbsp; “Our regulations need to catch up with the current moment. The fact that SBF [Sam Bankman-Fried] was able to do what he did at FTX shows whatever they have as a current framework isn’t working, ” said Ramaswamy.&nbsp; https://www.youtube.com/watch?v=1PpIwZNlBAE Ramaswamy also highlighted an incident where the SEC Chair was unable to clarify whether Ethereum is a security in a hearing, and said it was “nothing short of embarrassing.”
<h3 id="span-style-font-weight-400-could-trump-change-his-stance-on-crypto-span">Could Trump Change His Stance On Crypto?</h3> A recent <a href="https://www.documentcloud.org/documents/23868805-vivek-ramaswamy-disclosure-report-7-6-23" rel="noopener noreferrer nofollow">disclosure</a> showed that Ramaswamy owned between $100,001 and $250,000 worth of Bitcoin (BTC) in a Coinbase account. It also showed that he owned between $15,001 and $50,000 in ether (ETH). Trump, on the other hand, declared on X on Jul. 12, 2019, that he is “not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.” https://twitter.com/realDonaldTrump/status/1149472285905940480 Despite his criticism of the digital asset spacea a <a href="https://s3.documentcloud.org/documents/23876912/donald-trump-oge-public-financial-disclosure-report-2023-part-1.pdf" rel="noopener noreferrer nofollow">filing</a> submitted to the Office of Government Ethics revealed that Trump had a “cryptocurrency wallet.” According to the documents, the value held in the wallets at the time of the filing was between $250,000 and $500,000. This <a href="https://insidebitcoins.com/news/donald-trump-holds-up-to-500k-in-cryptocurrency-after-once-saying-its-value-is-based-on-thin-air" rel="noopener noreferrer nofollow">wallet</a> may be linked to the non-fungible token (NFT) collection that the former President launched in December 2022. The collection consisted of a total of 44,000 trading cards featuring images of Trump in various stances as a superhero, cowboy, or astronaut. Given the fact that the assets could have been derived from his NFT venture, there are currently no definitive signs that Trump is having a change of heart.
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Pro-Crypto Presidential Candidate Vivek Ramaswamy Suspends Campaign And Endorses Donald Trump

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