July 3 (Cointime) - Vivek Ramaswamy has announced that he will not only accept bitcoin donations for his presidential campaign, but also introduce new regulations to reduce the taxation of crypto mining companies. He hopes to protect the freedom of crypto mining in the United States and prevent it from becoming illegal, as it did in China.

He believes that the proposed mining taxation plan is wrong and unfair, and will ultimately limit innovation and prevent entrepreneurship in the digital currency arena. He also suggests that assets like bitcoin could become a valid alternative payment method in the U.S. should the dollar continue to weaken.

Ramaswamy is taking a pro-crypto stance in contrast to regulators like Gary Gensler, the head of the Securities and Exchange Commission (SEC), who are looking to heavily regulate and prosecute crypto companies.