News

Candidates for President in the Republican Primary Debate Talk About Gary Gensler, SBF, Binance, and CBDCs

single-image

Key Points

  • On Wednesday, Republican contender for president Vivek Ramaswamy was questioned about the latest advancements. Ramaswamy announced his own cryptocurrency scheme in front of the Texas Blockchain Council last month.

Stay in the know on crypto by frequently visiting Crypto News Today

During Wednesday night’s Republican presidential debate, topics included central bank digital currencies, former FTX CEO Sam Bankman-Fried, Securities and Exchange Commission Chair Gary Gensler, and Binance, the largest cryptocurrency exchange in the world.

In front of the Texas Blockchain Council last month, Republican presidential candidate Vivek Ramaswamy announced his own cryptocurrency strategy. He was questioned about the latest advances in the industry.

Advertisement

“The head of the largest international crypto exchange just pleaded guilty to allowing his platform to launder money for terrorists, including Hamas,” said the moderator. “You claim that your cryptocurrency proposal will, in the words of the author, “guarantee economic independence for Americans.” Won’t it also provide terrorists, criminals, and scam artists economic freedom?”

In response, Ramaswamy stated that dishonest individuals have been con artists for a very long time.

According to Ramaswamy, “our regulations need to catch up with the current moment.” “The fact that SBF was able to do what he did at FTX shows that whatever they have in the current framework isn’t working.”

Advertisement
Follow GappyCoin PreSale on Twitter, and ReCap for information and more.

Weeks after former Binance CEO Changpeng Zhao entered a guilty plea to accusations of money laundering and violating sanctions, and months after former FTX CEO Sam Bankman-Fried was found guilty of criminal charges following a jury’s verdict that he had deceived investors, Ramaswamy made his remarks.

Over the past year, a few presidential hopefuls have mentioned cryptocurrency. Part of Ramaswamy’s approach, he said last month, would prevent self-hosted wallets from being regulated and allow for the “freedom to innovate without regulatory overreach.” In the meantime, Florida Governor Ron DeSantis, a Republican contender for president, outlawed the use of CBDCs in his state in May.

Gensler was chastised by Ramaswamy during the debate. The head of the SEC has consistently insisted that cryptocurrency exchanges register with his organization and that many cryptocurrencies are securities that must be governed by securities regulations.

Lawmakers have also questioned Gensler on whether ether in particular ought to be regarded as a security. During a House Financial Services Committee meeting, Patrick McHenry, the chair, made many attempts to get information from Gensler. Ramaswamy took issue with the debate’s back and forth on Wednesday.

“I think it’s nothing short of embarrassing that Gary Gensler, the current leader of the SEC, in front of Congress could not even say whether Ethereum counted as a regulated security or not,” Ramaswamy stated. “This is just another example of the administrative state gone too far.”

Debate about CBDC

On Wednesday, DeSantis brought up CBDCs, claiming that Joe Biden desires to violate people’s privacy.

DeSantis declared, “They will definitely regulate your purchases.” “We put the concept of a digital money issued by a central bank in the trash bin on our first day as president. When it arrives, it will be dead.”


CryptoCaster™ remains committed to keeping our worldwide audience informed about blockchain technology adoptions and the latest challenges posed by government-directed fiat financial systems, banking groups, and other institutional giants. CRYPTOCASTER® - DECENTRALIZED FREEDOM! 


We hope you appreciated this article. Before you move on, I was hoping you would consider taking the step of supporting CryptoCaster’s journalism. 

From  Elon Musk, Larry Fink(BlackRock) to Jamie Dimon(JP Morgan Chase) a number of billionaire owners have a powerful hold on so much of the hidden agendas’ which eludes the public concerning the paradigm shift juxtaposed by cryptocurrency and web3 emerging technologies. CryptoCaster is different. We have no billionaire owner or shareholders to consider. Our journalistic efforts are produced to serve the public interest in crypto development and institutional disruptions – not profit motives.

And we avoid the trap that befalls much U.S. and global media – the tendency, born of a desire to please all sides, to engage in false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency dictates everything we do, we know there is a right and a wrong position in the fight against fiat global banking interest and monetary reconstruction precipitated by the emerging crypto ecology.

When we report on issues like the FTX, Binance and Ripple crisis, we’re not afraid to name who or what is uncovered. And as a crypto sentinel, we’re able to provide a fresh, outsider perspective on the global monetary disruption – one so often missing from the insular American and European media bubble. 

Around the world, readers can access the CryptoCaster’s paywall-free journalism because of our unique reader-supported model. That’s because of people like you. Our readers keep us independent, beholden to no outside influence and accessible to everyone – whether they can afford to pay for news and information, or not.

We thankyou for the on-going support our readers have bestowed monetarily. If you have not considered supporting CryptoCaster, if you can, please consider supporting us just once from $1 or more of Bitcoin (satoshi) or Eth, and better yet, support us every month with a little more. Scroll further down this page to obtain CryptoCaster’s wallet addresses.

Thank you.

Kristin Steinbeck
Editor, CryptoCaster


Please Read Essential Disclaimer Information Here.
© 2022-2023 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.


Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt


CRYPTOCASTER HEATMAP


You may also like