This episode of Markets Daily is sponsored by CME Group.

Hello, this is Markets Daily from CoinDisc. I'm Noel Atchison here with your featured story.

On today's show, we're taking a look at crypto positioning against the bigger political backdrop.

Just a reminder, CoinDisc is a news source and does not provide investment advice.

Today's featured story is by Daniel Kuhn titled Vote If You Want, but remember,

CipherPunks write code.

We will be using Wondercraft AI voice for this episode.

Vivek Ramoswamy is the latest presidential hopeful with an appeal for the crypto class.

Speaking at Main Net, the New York City-based crypto conference put on by Masari,

the breakout Republican candidate said he will soon announce a comprehensive crypto policy framework,

meant to address current gaps

in regulation. And so he may, the mandate is reportedly about three quarters complete. And if the

plans are as serious and thoughtful as promised, may Ramoswami's policies serve as a guiding

light for those already in or seeking power. There's a reason he's known as the rights answer

to Senator Liz Warren.

It has nothing to do with his Indian heritage. And a little wonkism might benefit blockchain's

chances on the hill. On a practical level, thinking about crypto politically is almost certainly a waste of

time. And more importantly, once you start basing decisions around what the government will

allow in reference to crypto, the game is lost.

I'm saying this at a time when the sitting U.S. president has more or less declared war on crypto,

and when the nation's top regulators are circling the pack routinely picking off choice targets one by one.

I know there are legal threats to crypto's existence in the U.S. and real implications of regulatory

...