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US Presidential Candidate Vivek Ramaswamy Praises Grayscale's Victory Over SEC, Says Decision Will Keep Bitcoin Innovation in the US

Vivek Ramaswamy, a US presidential candidate and pro-Bitcoin Republican, has praised Grayscale's recent victory over the Securities and Exchange Commission (SEC), stating that it will help keep Bitcoin and blockchain innovation in the US. Ramaswamy criticised the "unlawful rogue behaviours" of government agencies and argued that the US courts should serve as a last line of defence to keep cryptocurrency innovators in the country.

He also stated that if elected, he would rescind all federal regulations that fail the Supreme Court's test in the West Virginia vs. EPA case, potentially limiting the SEC's overreach on the industry. Tesla CEO Elon Musk has praised Ramaswamy for his acceptance of Bitcoin and pro-crypto advocacy, calling him a "very promising candidate."

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