Former 2024 US Republican presidential candidate Vivek Ramaswamy has voiced strong concerns about the current state of crypto regulations in the country.
He criticized the “regulation by enforcement” approach, arguing that it creates ambiguity and uncertainty for crypto firms. There is a need for clear and consistent policies to support the growing digital asset industry, he stated.
Ramaswamy Calls Out Unclear Crypto Regulations in US
According to Ramaswamy, the present legal environment does not properly govern cryptocurrencies and is detrimental to the industry’s development. The lack of clarity in the rules is advantageous to the government and not the enterprise, which hinders growth.
This, he said, is contrary to the principles of US foreign policy, which should be just and transparent. In an interview with Yahoo Finance, Ramaswamy stated that due to the lack of clear regulation in the crypto space, firms are left wondering how exactly they should be function
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