Former hedge fund manager and Republican politician Vivek Ramaswamy has sharply criticized the Federal Reserve and U.S. regulatory practices.
He argued that the Fed’s focus is driven not by its expertise but by widespread expectations of its failure.
Ramaswamy also condemned the U.S.’s “regulation by enforcement” strategy, claiming it stifles innovation and creates a difficult environment for cryptocurrency businesses.
According to Ramaswamy, U.S. businesses need more transparent policies, as regulatory ambiguity can lead to authoritarian practices.
On cryptocurrencies, he praised former President Donald Trump as a supporter of the industry, suggesting that Trump’s potential re-election would enhance regulatory clarity.
Ramaswamy highlighted Trump’s evolving stance on financial freedom and his commitment to ending the current administration’s anti-crypto policies.
He also criticized the Biden-Harris administration for its handling of inflation and proposed capital gains taxes, which he believes could negatively impact ordinary Americans.
Chainlink co-founder Sergey Nazarov predicts that tokenized real-world assets (RWAs) will soon surpass cryptocurrencies in value.
Telegram is facing potential restrictions in India following a significant data breach linked to the app.
Anthony Scaramucci, founder of SkyBridge Capital, announced that Vice President Kamala Harris is working on her campaign’s cryptocurrency policies, with support from crypto advocates.
Terraform Labs, the creator of the Terra (LUNA) ecosystem, has received court approval to wind down operations after settling fraud allegations with the U.S. SEC related to the collapse of its TerraUSD stablecoin and LUNA token, which caused $40 billion in losses in 2022.