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Bitcoin Politics

Ramaswamy Is the Only GOP Candidate With a Crypto Plan (coindesk.com) 196

Republican presidential candidate Vivek Ramaswamy revealed a crypto plan today that aims to protect core aspects of the industry, including software developers and unhosted digital wallets. CoinDesk reports: Republican presidential candidate Vivek Ramaswamy has a message for most of the employees at the U.S. Securities and Exchange Commission (SEC) if he's elected to the White House: You're fired. And everybody still left at their desks would need to back off the crypto industry, according to the candidate's new policy strategy for U.S. digital assets. Most cryptocurrencies are commodities that are none of the SEC's business, according to Ramaswamy's crypto plan shared with CoinDesk on Thursday and set for public release at the North American Blockchain Summit in Texas. The pharmaceutical entrepreneur remains among the top four GOP candidates, maintaining 5% support in a dwindling field dominated by former President Donald Trump, according to polling data.

One issue that separates him from other candidates is his enthusiastic support of crypto as a financial innovation. He argues that the sector needs to have several freedoms protected: the right to code as a First Amendment freedom that should shield software developers from criminal or enforcement vulnerability, the right to maintain self-hosted digital wallets outside the reach of regulators and the right to know how each new virtual asset will be treated by the government. "A big part of what we're missing today is clarity from our regulators," Ramaswamy said in an interview with CoinDesk TV. "What we're going to have is rescinding any of those regulations that are allowing the regulatory state to go after perfectly legal behavior, but by claiming that somehow it shouldn't exist because they don't like it. All of that can end on my watch."

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Ramaswamy Is the Only GOP Candidate With a Crypto Plan

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  • by PubJeezy ( 10299395 ) on Thursday November 16, 2023 @08:31PM (#64011063)
    The candidate being propped up by anonymous swarms of social media accounts really likes crypto...weird....
    • by xeoron ( 639412 )
      He also owns an investment firm that targets 1 group of people to invest in it, which is why he praise 1 person as the greatest ever while running against that person.
  • Not (Score:4, Insightful)

    by Patent Lover ( 779809 ) on Thursday November 16, 2023 @08:31PM (#64011065)
    Luckily this disphit's chance of being president is zero.
    • Re:Not (Score:5, Insightful)

      by Anonymous Coward on Thursday November 16, 2023 @08:35PM (#64011075)

      I heard that before... and that person ended up being President.

      • Re: (Score:2, Insightful)

        by Powercntrl ( 458442 )

        I heard that before... and that person ended up being President.

        The incumbent isn't term limited this time.

        • Re:Not (Score:5, Insightful)

          by ShanghaiBill ( 739463 ) on Thursday November 16, 2023 @11:25PM (#64011293)

          The incumbent isn't term limited this time.

          Have you seen Joe's polling numbers?

          Not just the national numbers (which are bleak), but his popularity in critical swing states: Wisconsin, Arizona, Georgia.

          If you aren't worried, you should be.

          Harris is even more unpopular. If Joe has a stroke and she becomes the nominee, the Democrats are in big trouble.

          • I’m starting to like this “generic Democrat” guy who seems to be so far ahead in polling.
        • The incumbent wasn't term limited last time around either.

        • The incumbent isn't term limited this time.

          Not by law, but very possibly by nature.

      • by Z80a ( 971949 )

        He was elected by every rich person screaming at the general population to not vote on him.

      • I heard that before... and that person ended up being President.

        The difference is that smug asshole has charisma.

        Trump is a bully who fulfills Conservatives dreams of beating up the nerds.

        Ramaswamy is the insufferable arrogant nerd who still manages to be completely wrong about everything.

        I've seen seen interviews and I'm shocked by how intensely dislikable he is.

    • THis time (Score:2, Insightful)

      Luckily this disphit's chance of being president is zero.

      This election.

      If he's appointed secretary of state and learns the system over the next 4 years, he'd be a strong candidate for the 2028 election.

      See for comparison: Hillary Clinton.

      Also, analyze his stated policies and show a logical reason not to vote for him. Calling a presidential candidate you don't like a "dipshit" makes people dislike Democrats.

      • Re:THis time (Score:5, Insightful)

        by Darinbob ( 1142669 ) on Thursday November 16, 2023 @09:24PM (#64011125)

        Because his states policies are batshit crazy. He does not understand the issues, much like Trump. He just says what he thinks will get a good reaction from a crowd, much like Trump. His purpose in the race to make all the other MAGA candidates look good in comparison.

        Stated policy: build a wall on the Canadian border. That's just pandering to idiots, plain and simple. Walls do not work to keep out migrants. At all. Anyone who thinks they do is deluded. The walls put up on southern border already are easily scaled, the "advanced" features are not working. Maybe he's smart and is only proposing this to get the idiot vote, but from all evidence it doesn't seem like he's good at the necessary one dimensional chess.

        • Stated policy: build a wall on the Canadian border. That's just pandering to idiots, plain and simple. Walls do not work to keep out migrants. At all. Anyone who thinks they do is deluded.

          Of course the wall doesn’t keep out migrants, it’s there to stop Canada from dumping all their cold air on us. /s

        • Re:THis time (Score:4, Insightful)

          by iAmWaySmarterThanYou ( 10095012 ) on Thursday November 16, 2023 @10:46PM (#64011229)

          If walls don't work then why is Biden building them on the southern border?

          Why have countless civilizations built walls throughout all of history?

          What is a castle if not a huge wall around a small town? Europe was packed with castles. Many still stand.

          Suddenly, because it is politically inconvenient to have them, for the first time in human history, walls don't work.

          Okey dokey!

          • Re: THis time (Score:5, Informative)

            by ToasterMonkey ( 467067 ) on Friday November 17, 2023 @12:06AM (#64011345) Homepage

            The walls funnel migrants to more convenient areas to turn themselves in. Doesn't make them not come, barely slows down anyone determined to get through, does absolutely nothing about drugs. CBP isn't that stupid, they know what they're up against and what works. If they want more wall they get more wall. Politicians trying to do wall better are retarded.

          • Re:THis time (Score:5, Insightful)

            by Darinbob ( 1142669 ) on Friday November 17, 2023 @12:37AM (#64011379)

            Castle walls were manned. These border walls are not. There's not enough money to put people around to man it all. So, get a bit ladder and climb over. Oh no, there's concertina wire on top! Just get a big blanket to put over the top. Oh no, it's got spikes! Just cut through the wall with then acetyline torch.

            Funneling everyone to the Sonoran dessert because they'll die there and it'll be a deterrent (intentionally wanting the migrants to die, as admitted by some). But no, they show up anyway, because a chance of making it is better than saying home and having your family killed.

            The solution, that no one likes, is to make it less likely for someone to want to leave their awful homes by making it not so awful. Make their economies better. Improve trade. etc. Before the big crackdown in the 70s and 80s people were regularly going back and forth across the border, seasonal workers actually were seasonal. The America First! types were hiring the illegal aliens (secret: they still do, and even Trump hired them indirectly). Yes, the very same farmers who complained about illegal immigrants were hiring them. Laredo and Jaurez were essentially one town. Then the crack down came, the moving them off to the desert, it got harder to go back and forth so many of them unsuprisingly decided to just stay once they got across the border. Today Mexico is not the big problem, it's the failing states further south; but now it's a refugee crisis and not a crisis of migrant workers or drug smugglers. But the solution has not been to see about how to improve conditions down south, but to repeat the same policies that have been failling for decades.

            Another snag, is that politicians aren't really tracking what is working and what isn't. Migration levels have never been constant, and they don't correlate well with political changes. So if the numbers go up it is not always due to good administration policies, and if they go down not is not always due to bad administration policies. Instead numbers go up and down based upon conditions in the originating country. But naive politicians love to blame their predecessors and promise to do better, yet repeat the same policies that do. not. work. Because implementing policies that do. not. work. will get you votes.

            Meanwhile suggesting a wall on the Canadian border is just stupid, and politicians of all three stripes have said so (liberal, conservative, and MAGA).

            • Or, another solution since our fertility rate isn't that great and we don't want to end up like Japan giving economic incentives to try to get young people to immigrate would be to open up immigration legally thus reducing the money spent on stupid ideas like the "wall", increasing the tax base, and move forward.

            • Before the big crackdown in the 70s and 80s people were regularly going back and forth across the border, seasonal workers actually were seasonal. The America First! types were hiring the illegal aliens (secret: they still do, and even Trump hired them indirectly). Yes, the very same farmers who complained about illegal immigrants were hiring them. Laredo and Jaurez were essentially one town. Then the crack down came, the moving them off to the desert, it got harder to go back and forth so many of them unsuprisingly decided to just stay once they got across the border.

              It's probably not possible to turn back the clock, but it's important to remember that the US's big illegal migration problem came as a result of trying to fix their small illegal migration problem.

          • by DrXym ( 126579 )

            A wall is a thin barrier between the outside world and in. It's as easy to circumvent as climbing a ladder or using a blowtorch. Anyone placing their hopes in a wall is stupid. The problem with Trump is he bigged it up a wall this thing that by itself would halt the problem when anyone with a functioning brain could see it wouldn't.

            If you genuinely want to stop or control immigration then you need deterrence, defence in depth and a compassionate, fair and swift immigration system. A wall might be part of th

          • Why have countless civilizations built walls throughout all of history?

            Most of them were small enough to be actively guarded by people at all times. The Great Wall of China was never intended to stop people (who were good at climbing things like walls), but to stop those people's horses (which are not so good at climbing).

        • by DrXym ( 126579 )

          His real purpose of running is to angle for the next grift. He's already run a massive pump and dump on a pharmaceutical and using it as a springboard for the next thing. If he's championing crypto and cultivating crypto-bros it's because he knows there are a lot of easy marks to be had there. I won't be surprised if post 2024 he's running some con involving "liberty" / "freedom" themed crypto or NFTs.

        • I still approve of it. Wall on the south, wall on the north, put a lid on it and seal it well... the world would pay for it, too.

      • Also, analyze his stated policies and show a logical reason not to vote for him.

        This policy - "Use our military to annihilate Mexican drug cartels" - seems like a logical reason not to vote for him, if you remember how well fixing things in Afghanistan and Iraq turned out. It's one of 25 promises at www.vivek2024.com/america-first-2-0/ [vivek2024.com]

        Calling a presidential candidate you don't like a "dipshit" makes people dislike Democrats.

        Would it be bad to call him a "RINO"? That seems like a popular insult among the circular firing squad.

        • Re:THis time (Score:4, Interesting)

          by dgatwood ( 11270 ) on Friday November 17, 2023 @01:22AM (#64011433) Homepage Journal

          Also, analyze his stated policies and show a logical reason not to vote for him.

          This policy - "Use our military to annihilate Mexican drug cartels" - seems like a logical reason not to vote for him, if you remember how well fixing things in Afghanistan and Iraq turned out.

          That's a pretty weak example. The reason not to do this is that it is a violation of international law. But using fuel-air bombs or agent orange on drug fields isn't remotely the same as toppling a semi-popular government and then trying to build a replacement without the extremists, and using the failure of the latter as a reason to assume that the former can't work makes little sense.

          No, the reason to outright reject him as a candidate is that his positions on everything are barely within the Overton window. He:

          • Opposes military aid to Ukraine.
          • Opposes any carbon emission limits as a climate change denialist.
          • Thinks that somehow the borderline-triple-digit felony charges must magically all be politically motivated, even though a lot of them were filed by Republican attorneys general, and wants to pardon him anyway. Uh, no. You don't get three times as many felony charges as Ted Bundy just for being a Republican. Sorry, but attorneys general don't work that way, and the very fact that he is saying these things makes me assume that Trump has dirt on him, making him an absolutely unqualified choice now or ever.
          • Has borderline extremist positions on COVID, ultra-right views on LGBTQ+ rights, ultra-right views on abortion (contrary to the overwhelming majority of the country)....

          I mean, he's not the worst candidate the Republican Party has given us, but that's the lowest bar in the world.

          Republican candidates that win always start out on the right in the primary debates and then run to center in the general election, but he's so far to the right that he can't plausibly run far enough towards the center to get elected, short of Democrats and moderates staying home en masse, and even if he somehow miraculously did get elected, he would be a one-term president with near certainty.

          • I don't think any of the charges were filed by Republicans. Special prosecutor Jack Smith has apparently taken pains to remain publicly politically independent for a very long time. AG Garland is regarded by some as a moderate conservative and by others as a moderate liberal. He, too, seems to have tried to remain publicly politically independent. The criminal charges in New York and Atlanta were filed by Democrat district attorneys. The civil case over the Trump Organization was filed by a Democrat state A

            • I don't think any of the charges were filed by Republicans.

              Your thinking is in conflict with reality. And bringing up one case out ouf 70 as led by a democrat is not really helping your case.

      • ...with Dumpy being let out of his cell only to be indicted and trialed for ANOTHER thing, with Republicans penciling in his name on ballots anyway while Dion keeps yelling at them on FOX "But I am the nominee! Why won't you vote for meeee?!" - than Ramalamadingdong ever serving in any elected or appointed capacity above a municipal dog catcher.
        And I don't believe he is qualified to be a dog catcher either.

        • It's perfectly legal to run for President from prison, and it has been done a couple of times historically.
        • Why do you think he wouldn't be on the ballot?

          There is nothing that says a candidate can't run from and win office from prison so that can't be why. You think he's going to quit? Die of a heart attack? What?

      • Comment removed (Score:5, Insightful)

        by account_deleted ( 4530225 ) on Thursday November 16, 2023 @10:49PM (#64011231)
        Comment removed based on user account deletion
      • Because his policies and ideas suck ass. It's hard enough that I find it more reasonable to ask any supporterv of his what they find logical and vivid about any of his pillar ideas.

      • Yes, the famously strong candidate Hillary Clinton.

      • Lmfao what policies? This is the problem with the modern GOP - no principles, no platform, and no leaders. The last GOP policy platform was TRUMP, like that was the extent of the 2020 RNC policy statement.
      • âoe Calling a presidential candidate you don't like a "dipshit" makes people dislike Democrats.â

        If that makes them dislike democrats they must really really hate the GOP. Name calling is literally how the last GOP president deals with any challenge.

    • Re:Not (Score:5, Insightful)

      by Darinbob ( 1142669 ) on Thursday November 16, 2023 @09:12PM (#64011109)

      Pro:
          Only candidate with a crypto plan
      Con:
          Has a bad crypto plan

      Pro:
          Unlikely to be as senile like the leading two candidates
      Con:
          Is probably clinically insane

    • He's vying for VP slot on the Trump ticket. The dude's sucking major orange micro-dick and refuses to say anything bad about Trump for fear of spoiling that chance. Now is Trump dumb enough to take the bait? Well, I don't think there's anything Trump's not dumb enough for. So a definite maybe on that.

    • Luckily this disphit's chance of being president is zero.

      This dipshit, as you say, is basically taking Trumps bluster and adding in a tiny touch of restraint. It's all the same talking points, all the same bullshit, but refined. Nobody thought Trump would be elected. He's doing what a lot of us predicted would happen. Taking Trump's strategy, bully, act like a prick, babble semi-coherently but a lot louder than anyone else, and cleaning it up just enough to come off not quite so unhinged.

      Anybody who watched that last Republican debate should be hoping that we're

    • by Tarlus ( 1000874 )

      If that "Project 2025" malady came to pass, he'd still likely be springboarded into some position of power he's unqualified to serve.

  • It's best left as a wild outsider. Speculators shafting other speculators is fine by me.

  • "Ramaswamy Is the Only GOP Candidate With a Crypto Plan"

    Well then he can fuck right off, because I've only ever seen crypto "plans" fail and go down in flames.

    And frankly I wouldn't trust prick as far as I could throw the USS Missouri, so double-fuck him and his fascist horsecrap.

    • Well then he can fuck right off

      This.

      I'd be saying exactly the same thing if it was a politician on the other side of the aisle, too. Having a plan for shitcoins is just the latest in a long list of distractions politicians use as way of saying "look over there!" to dodge real issues. It just so happens that the Republicans reach into that particular bag of tricks more frequently, because they hate actually having to solve problems even more than the Democrats do.

      • Yes, I am so glad that homelessness, the environment, inflation, fentanyl, open borders, education, health care and crime have all been solved.

        Oh wait.... never mind!

  • Headline: Ramaswamy Is the Only GOP Candidate With a Crypto Plan

    Important missing context: Why is this any more relevant than, say, if he was the only GOP candidate who liked wearing green socks?

    • Re: (Score:3, Insightful)

      by Black Parrot ( 19622 )

      Slashdot will post anything that has 'crypto' in the title.

    • There is a huge difference. Green socks are much more important than crypto.

    • Important missing context: Why is this any more relevant than, say, if he was the only GOP candidate who liked wearing green socks?

      I will fully admit to being a non-standard voter. I like to say that I disagree with the Republicans 50% of the time, the Democrats 50% of the time, and both of them 50% of the time. In the sense that I support policies and decisions that BOTH parties would oppose.

      As such, when I'm voting, I'm generally voting for the "least bad" candidate.

      Knowing this dude has a "crypto plan" that basically amounts to "keep enabling the fraud, crime, and everything else" associated with crypto, by banning law enforcement

  • Because if so, I get a punch on my "agree with a Republican on an issue" card. If I get ten punches, The Log Cabin Republicans will send me a free hat. Probably something in rainbow with a very confused looking elephant on it.

    • Truth bro. Those republicans are just crazy. There isn't a single thing we can agree on with that 25% of the adult population. Nothing. They are just like fucking aliens, man! It's true! I heard they eat babies and chop up cattle and conduct experiments on democrats in their secret labs!

      • The distinction you seem to be having trouble comprehending is that there is a difference between the Republican electorate and the Republican politicians. I personally know and do business with quite a few folks who vote Republican. They're generally decent enough people who want to earn a good living, not see their hard-earned tax money put to waste, not get raped in the pocketbook when they go to buy fuel or groceries, and desire to see American culture and values passed on to the next generation.

        The p

      • They lack a coherent platform, have abandoned their principles, and Trump is their de-facto leader. That they insist people continue taking them seriously in spite of this.. that's consistent with the sort of untethered-from-reality we associate with "crazy". Am I wrong?
  • Ramaswamy is by far the most batshit crazy of all the GOP contenders. And to be fair that is a very high bar, so he is indeed exceptional at something.
  • by FuzzMaster ( 596994 ) on Thursday November 16, 2023 @10:20PM (#64011191)

    If you have cash in your pocket, it is unhosted.

    If you have gold or silver in your safe at your house, it is unhosted.

    Your car parked in your driveway is unhosted.

    Movies on disc in your cabinet are unhosted.

    A freezer full of meat is unhosted.

    A garden growing vegetables is unhosted.

    The default is unhosted. Reject the narrative. Hosted resources are not in your control.

  • What he proposes is the right to print money, isn't?

  • So what's the point? heheh
  • Viveks crypto plans mainly consist of rugpulls and pump and dumps that he's planning on anyone stupid enough to fall for his schtick.

  • ...is even better than the last few. My god, what imaginations these script writers have!
  • by mmdurrant ( 638055 ) on Friday November 17, 2023 @09:19AM (#64011947)
    He did say sometging funny though. He was bragging about being thr first millennial presidential candidate as though that's some kind of accomplishment instead of the predictable consequence of time proceeding in a linear fashion.
    • by cstacy ( 534252 )

      He did say sometging funny though. He was bragging about being thr first millennial presidential candidate as though that's some kind of accomplishment instead of the predictable consequence of time proceeding in a linear fashion.

      I think his point is that time isn't proceeding fast enough and he's the only candidate who isn't too old. Just trying to get the young people vote.

      USA Presidential politics are just totally fucked (again) until next cycle. When Trump is no longer a viable candidate, more sane comparisons/contests can be conducted. Both parties will then offer better candidates for voters to consider.

      (Ones who don't have a foot in the grave, and who are not competing against Trump. Right now everything is still all about Tr

  • 100% of my passionate friends in the "crypto" craze have skin in the game. That is, they stand to profit a lot if their crypto actually "takes off".

    I smell a rat.
  • and that's Trump. He's so far ahead in the polls short of dying he has the nomination. Everyone else is either on a book tour or auditioning for a cabinet post. Except Christie. He's there to be the one guy who can take pot shots at Trump because the RNC really, really wants Trump to go away now. For one thing he's got a snowball's chance in hell in the General (having now lost 4 elections, 2020, a mid term and 2 specials) and for another he's sucking up all the small dollar donations so the RNC is broke. I

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