US presidential hopeful Vivek Ramaswamy unveils crypto framework
Vivek Ramaswamy, a U.S. Republican presidential candidate, introduced a crypto policy framework designed to safeguard elements of the Web3 space, including non-custodial digital currency wallets. In a document titled “The Three Freedoms of Crypto,” Ramaswamy urged regulators to scale back a significant portion of SEC crypto rules. The proposed framework, unveiled at the recent North American Blockchain Summit in Fort Worth, Texas, outlines a “safe harbor” exemption policy for newly introduced cryptocurrencies. This exemption offers regulatory clarity, granting new cryptocurrencies protection from securities laws for a specified period after their launch, and prohibiting any federal agency from establishing rules that would restrict the utilization of self-hosted wallets (crypto wallets not controlled by centralized exchanges). Ramaswamy, known as the founder of Roivant Sciences, also criticized sanctions on Tornado Cash, pledging to prosecute bad actors rather than the code or