Cardano Founder and Ex-Presidential Hopeful Unite for Groundbreaking 'Crypto Bill of Rights' in U.S. Election

Former Republican presidential candidate Vivek Ramaswamy gains Cardano founder Charles Hoskinson's support for his proposed "Crypto Bill of Rights," advocating for clear regulations in the crypto industry.

Ramaswamy's Key Points:

1.Regulatory Enforcement Proposal

• Ramaswamy suggests regulators enforce only Congress-adopted crypto policies.
• Emphasizes classifying most crypto assets as commodities.

2.Individual Rights in Crypto

• Believes in the right to hold digital assets in self-custody wallets, beyond regulator reach.
• Advocates public knowledge of the government's classification of any crypto token.

3.Stablecoin Issuers' Access to Fed Facilities

• Proposes obligating the Federal Reserve to grant stablecoin issuers access to financial facilities, akin to banks.
• Expresses concern for Tornado Cash, arguing against imposing legal liability on software developers.

4.SEC Threat and Crypto Industry

• Reports indicate Ramaswamy's threat to relieve SEC staff if elected.
• Asserts most cryptocurrencies are commodities, distancing them from SEC involvement.
• Aims to disarm the regulator, seen by many as an impediment to the crypto industry.

Campaign Suspension and Support for Trump:

• Ramaswamy suspends campaign post-fourth place in Iowa primaries, expressing support for Donald Trump.
• Acknowledges the lack of the desired surprise in his concession speech.

Ramaswamy's Crypto Vision:

• Recognized as the sole candidate with a comprehensive plan for the crypto industry.
• Promises to join Trump in outlining his vision for the future of the United States.

Vivek Ramaswamy's "Crypto Bill of Rights" proposal, endorsed by Cardano's Charles Hoskinson, brings a unique perspective to the U.S. presidential race, advocating for clear regulations and individual rights in the crypto space. However, his campaign's suspension marks a deviation from anticipated outcomes, with a shift in support towards Donald Trump.