Vivek Ramaswamy, a United States presidential candidate, has praised Grayscale’s recent victory over the federal securities regulator, arguing that it will help keep Bitcoin and blockchain innovation from going overseas. Ramaswamy believes that the U.S. courts have become a last line of defense to keep cryptocurrency innovators in the country, and that the decision will help keep Bitcoin and blockchain innovation in the U.S. rather than overseas.Ramaswamy has also proposed that if elected, he would rescind all federal regulations that fail the Supreme Court’s test in the West Virginia vs. EPA case, which could potentially limit the SEC’s overreach on the industry. However, the question as to whether the doctrine applies to the crypto industry is currently being tested in U.S. courts.Ramaswamy is one of three presidential candidates still in the running who has shown outward support for the crypto industry, along with Robert Kennedy Jr. and Ron DeSantis. Tesla CEO Elon Musk recently praised Ramaswamy for his acceptance of Bitcoin and pro-crypto advocacy. In late May, the presidential candidate began accepting Bitcoin for campaign donations.Grayscale Investments’ recent court victory against the SEC on Aug. 29 was lauded as a win for the cryptocurrency space and Bitcoin ETFs in particular. BTC’s price increased 7.3% to $27,940 before cooling off to $27,200 at the time of writing, according to CoinGecko, while several analysts from Bloomberg noted that Grayscale’s win increases the likelihood of spot Bitcoin ETFs being approved by the end of 2023.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	positive
Relevance Score	9
People	Elon Musk., Robert Kennedy Jr., Ron DeSantis, Vivek Ramaswamy
Companies	Terraform Labs, West Virginia vs. EPA, Securities and Exchange Commission, Coinbase, Grayscale Investments
Currencies	Ethereum, US Dollar, Bitcoin, goBTC, LABS Protocol
Securities	None