US presidential candidate Vivek Ramaswamy: Encryption regulations need to keep up with the current situation, the current framework is not working

"Scammers, criminals and terrorists have been deceiving people for a long time," presidential candidate Vivek Ramaswamy said when asked about his cryptocurrency policy during Wednesday night's Republican presidential debate in Tuscaloosa, Alabama. People, our regulations need to keep up with the current situation. The fact that what SBF is doing at FTX shows that the current framework is not working.” Ramaswamy said: “U.S. SEC Chairman Gary Gensler couldn’t even confirm in front of Congress whether Ethereum is a regulated security, which is simply embarrassing. This is another example of the administrative state going too far.” (CoinDesk)