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.
UBS analyst Brian Meredith has revised his outlook on Berkshire Hathaway’s Class B shares, trimming the price target from $606 to $591, while maintaining a “buy” rating.
In a move not seen in decades, the U.S. Treasury Department has initiated a historic $10 billion bond buyback—its largest ever—targeting securities set to mature between mid-2025 and mid-2027.
In a bold move to reshape the future of ApeCoin, Yuga Labs has introduced a proposal that would dissolve the existing ApeCoin DAO and replace it with a streamlined management body called ApeCo.
Circle’s arrival on the New York Stock Exchange sent shockwaves through the market, and Cathie Wood’s ARK Invest wasted no time jumping in.