Professional-crypto Republican candidate Vivek Ramaswamy has dropped out of the USA presidential election race, ending his practically year-long marketing campaign.
Talking at a Jan. 16 press convention in Des Moines, Iowa, Ramaswamy advised his followers that he would now not be operating for president, stating: “As of this second, we’re going to droop this presidential marketing campaign.”
“There’s no path for me to be the following president absent issues that we don’t need to see occur on this nation.”
Reside from Des Moines, IA | Vivek 2024 Caucus Night time Press Convention https://t.co/ykH9wRlSKL
— Vivek Ramaswamy (@VivekGRamaswamy) January 16, 2024
“There must be an America first candidate on this race,” Ramaswamy added, saying that he can be throwing his weight behind former President Donald Trump within the upcoming election.
“Going ahead, he could have my full endorsement for the presidency. We didn’t obtain the shock that we wished to ship tonight.”
Ramaswamy emerged on the presidential marketing campaign circuit as a comparatively unknown candidate, however he rapidly garnered a following from the crypto neighborhood for his outspoken coverage proposals regarding Bitcoin and different digital belongings.
Ramaswamy was the one presidential candidate to introduce a crypto coverage framework. On Nov. 16, he unveiled the “The Three Freedoms of Crypto,” which promised to exempt crypto builders from being held accountable for the actions of people that use their code.
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Moreover, he stated the coverage define would offer clear regulatory tips for brand new cryptocurrencies and forestall any federal company from creating guidelines that restricted the usage of self-hosted wallets.
On Dec. 6, 2023, Ramaswamy got here down exhausting on the USA Securities and Trade Fee and its Chair, Gary Gensler, for failing to maintain up with crypto regulation. He added that it was “nothing in need of embarrassing” that Gensler couldn’t admit earlier than Congress that Ether (ETH) must be thought-about a commodity.
Members of the crypto neighborhood had been fast to pay their respects to the previous candidate, with Nic Carter, a basic associate at Citadel Island Ventures, lauding Ramaswamy because the “most proficient” Republican candidate in a technology.
Vivek is probably the most proficient new Republican face in a technology. I hope we see extra of him
— nic carter (@nic__carter) January 16, 2024
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