Crypto-Friendly Presidential Candidate Vivek Ramaswamy Suspends Campaign

Ramaswamy, who pledged to reshape crypto regulation, ends his bid after a fourth-place finish in Iowa and endorses former President Donald Trump.

Vivek Ramaswamy, a crypto-friendly U.S. presidential candidate, has suspended his campaign after finishing fourth in the Iowa Republican leadership race.
Ramaswamy, who had pledged to lay off most of the Securities and Exchange Commission (SEC) and direct a path for digital assets policy if elected, endorsed former President Donald Trump in his concession speech.
Ramaswamy's crypto plan emphasized safeguarding software developers and unhosted digital wallets, treating most cryptocurrencies as commodities, and significantly reducing the SEC’s influence in the crypto sector.
He criticized the lack of clarity from regulators and stated that under his leadership, any regulations allowing the regulatory state to go after perfectly legal behavior would be rescinded.
Ramaswamy owns between $100,001-$250,000 of bitcoin (BTC) in a Coinbase (COIN) account and between $15,001 and $50,000 in ether.