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Unchained

Why Presidential Candidate Vivek Ramaswamy Is So Pro-Crypto - Ep. 576

Unchained

Laura Shin

Tech News, Business News, News

4.61.3K Ratings

🗓️ 1 December 2023

⏱️ 62 minutes

🧾️ Download transcript

Summary

Unchained is running its annual survey to better serve you. Please answer our annual survey here. Vivek Ramaswamy is likely the biggest supporter of crypto among the current crop of presidential candidates. But his enthusiasm comes not from an inherent love of the technology or its principles themselves, but a dissatisfaction with what he calls the “administrative state” that’s stifled innovation in a number of important industries, crypto among them.  On this episode of Unchained, Ramaswamy discusses his radical plan to slash the number of people working at federal agencies; his three-point crypto policy plan based on the freedom to code as a protected form of expression, the freedom of financial self-reliance, and the freedom to innovate free from regulatory overreach; why the current orientation of the U.S. government towards regulation of the crypto industry by enforcement isn’t helping anyone; his plans to stabilize the U.S. dollar by pegging it to a basket of commodities that could eventually include Bitcoin; why he’s so opposed to central bank digital currencies; and what industries he thinks could benefit from the use of blockchain technology. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: how Vivek, who has a background in biotech, fell down the “crypto rabbit hole” how the administrative branch of government doesn't work like it's supposed to, according to Vivek why he believes the government poses a threat to the future of crypto how he would respond to a situation in which the code of a smart contract is exploited how Vivek would prevent the use of crypto for illicit ends why he thinks that the current status quo in terms of crypto regulation is the “worst of all worlds” Vivek’s plan to stabilize the U.S. dollar by pegging it to a basket of commodities, potentially including Bitcoin why he is so against the creation of a central bank digital currency in the U.S. how blockchain technology can be used to help the U.S. maintain its technological supremacy Thank you to our sponsors! Arbitrum Foundation Phemex Popcorn Network Guest Vivek Ramaswamy, 2024 U.S. Presidential Candidate Vivek on The Chopping Block: Why Vivek Ramaswamy Wants Less Crypto Regulation Links Original speech unveiling his crypto policy plan at the North American Blockchain Summit 2023 Unchained: GOP Candidate Vivek Ramaswamy Makes the Case for Reduced Crypto Regulation Bloomberg: Ramaswamy’s Crypto Deregulation Plan Is Scaring the Industry CoinDesk: Ramaswamy Shares Crypto Plan, Making Him the Only GOP Candidate Who Has One Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I think it is entirely and wholly unacceptable to live in a country where you have the person who leads the SEC

0:07.0

unable to answer with clarity to Congress whether or not Ethereum, widely used

0:13.1

cryptocurrency, is or is not a security.

0:16.0

Hi, everyone.

0:21.0

Welcome to Unchained, your no-hype resource for all things crypto.

0:24.0

I'm your host Laura Shin, author of The Cryptopians. I started coming crypto eight years ago and as the senior

0:30.1

editor at Forbes was the first mainstream meter reporter to cover cryptocurrency full-time.

0:34.8

This is the December 1st, 2023 episode of Unchained.

0:38.8

Hey all, Unchained is doing its annual survey.

0:42.1

Let us know what we're doing well, how we can improve, what you'd like to see more of, and generally

0:46.9

how we can serve you better.

0:48.6

The survey also helps us find sponsors whose products and services would appeal to you.

0:53.0

Plus, participating gives you an opportunity to win unchained

0:56.4

merch. Five randomly selected respondents will receive one free

1:00.4

unchained t-shirt or mug, choice. To participate go to survey monkey

1:04.8

dot com slash r slash unchained 2023 or check for the link in the show notes.

1:11.0

Again that's survey monkeykey.com slash R

1:13.8

unchanged 2023. Thanks again.

1:17.1

This episode is brought to you by Krakan.

1:19.9

crypto is like the financial system but different.

1:24.0

He doesn't care where you come from, what you look like, your credit score,

1:28.0

or your outrageous food delivery habits.

...

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