Presidential hopeful Ramaswamy pledges ‘comprehensive crypto policy’ by Thanksgiving

Lacking specifics on how he intends to shape crypto policy, Ramaswamy said he intends to gut the federal bureaucracy by up to two-thirds.

article-image

Juli Hansen/Shutterstock, modified by Blockworks

share

Presidential hopeful Vivek Ramaswamy is hoping to woo the crypto community with yet-to-be-defined policy intended to shift the regulatory needle in Washington DC.

During a fireside chat at the Messari Mainnet event in New York on Wednesday, Ramaswamy said he plans to implement a “comprehensive crypto policy framework” should he be elected to the country’s highest office.

“We’re about 75% of the way there,” Ramaswamy said. “One of the reasons I wanted to be here and a couple of other forums like this…we want to get feedback before this is finalized.”

A semblance of what his crypto policy will look like is expected in the coming weeks with a complete picture expected by Thanksgiving in late November.

Ramaswamy said that he and his team are actively seeking input from the community on “serious, thoughtful proposals” that address gaps overlooked by other presidential contenders, politicians and current regulatory bodies. 

While no specifics on how he intends to shape crypto policy on The Hill were provided, Ramaswamy said he intends to gut the federal bureaucracy by up to two-thirds should he be elected.

“The problem with agencies like US Federal Reserve, or the SEC, is when you have a bunch of people showing up to work should have never had that job in the first place,” he said.

The US Securities and Exchange Commission, under Chair Gary Gensler, has long been criticized for its stance against the industry, which some view as an aggressive regulation by enforcement approach, rather than constructive debate over how the asset class should be governed.

“One of my chief issues with agencies like the FDA, and the SEC, is this regulation via enforcement paradigm, where they refuse to pre-specify what the rules actually are, but demonstrate what the rules are by picking who the bad apples are after the fact,” he said.

The 38-year-old Republican stands as one of the youngest individuals to ever vie for the US presidency, a distinction made even more notable given that the front-runners from both major parties are poised to become the oldest nominees in American history.

In a recent poll by The Wall Street Journal, Ramaswamy has ascended to the fourth position, capturing the support of 5% of GOP voters who want him for president. He also holds the distinction of being the second choice for 16% of the GOP electorate, trailing only Florida Governor Ron DeSantis


Get the news in your inbox. Explore Blockworks newsletters:

  • Blockworks Daily: The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam.
  • Empire: Start your morning with the top news and analysis to inform your day in crypto.
  • Forward Guidance: Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance.
  • 0xResearch: Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more.
  • Lightspeed: Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks.
  • The Drop: For crypto collectors and traders, covering apps, games, memes and more.
  • Supply Shock: Tracking Bitcoin’s rise from internet plaything worth less than a penny to global phenomenon disrupting money as we know it.
Tags

Upcoming Events

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

tg trading bot report graphic.png

Research

Telegram trading bots have found their primary niche in highly speculative token launches and retail-dominated memecoin markets, with many features specifically tailored to token sniping and copy-trading strategies.

article-image

Ethereum is hoping that increased DA will grow user demand — and its profits through DA fees

article-image

11 years ago, Bitcoin contributors prevented a supply crisis… two centuries from now

article-image

Both samczsun and ZachXBT have issued warnings after the Bybit hack last month

article-image

The investor criticized Michael Saylor’s plan to render his personal bitcoin holdings inaccessible to anyone else forever

article-image

The exchange has structural defenses and protocols to limit manipulations

article-image

Upshift is being spun out of August, which raised $10 million earlier this month