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.
Analyzing the latest updates shared by Wu Blockchain, this past week underscored a pivotal shift in the crypto landscape. Bitcoin surged to a new all-time high of $123,226, pushing the overall crypto market cap beyond $4 trillion—a milestone reflecting renewed investor confidence and accelerating institutional flows.
Charles Schwab is preparing to roll out spot Bitcoin and Ethereum trading, according to CEO Rick Wurster during the firm’s latest earnings call.
BlackRock is seeking to enhance its iShares Ethereum Trust (ticker: ETHA) by incorporating staking features, according to a new filing with the U.S. Securities and Exchange Commission (SEC) submitted Thursday.
A new report from the International Monetary Fund (IMF) suggests that El Salvador’s recent Bitcoin accumulation may not stem from ongoing purchases, but rather from a reshuffling of assets across government-controlled wallets.