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.
The first week of July brought notable advancements in crypto infrastructure, governance, and trading.
Europe’s reluctance to embrace stablecoins and blockchain technology could erode its monetary sovereignty and marginalize the euro in the next phase of global finance, according to former European Central Bank board member Lorenzo Bini Smaghi.
Toncoin (TON) has unveiled an exclusive partnership with the United Arab Emirates (UAE) to offer users a path to the coveted 10-year UAE Golden Visa—through crypto staking.
Bo Hines, the U.S. President’s Chief Advisor on Digital Assets, believes that upcoming stablecoin legislation could catapult the digital asset market to unprecedented heights. In a recent statement,