Elon Musk Endorses Crypto-Friendly Republican Presidential Candidate

Entrepreneur and Tesla CEO Elon Musk has thrown his assist behind Vivek Ramaswamy, a younger and rising Republican presidential candidate. Following an look on Tucker Carlson’s on-line present, a clip of Ramaswamy was shared on social media with the caption, “Vivek Ramaswamy is the youngest Republican presidential candidate ever. Responding to the post, Musk said, “He is a very promising candidate,” sparking curiosity in Ramaswamy’s candidacy and views on cryptocurrency.

He is a really promising candidate https://t.co/bEQU8L21nd

— Elon Musk (@elonmusk) August 17, 2023

Ramaswamy’s Pro-Crypto Stance

Known for his outspoken views on cryptocurrencies and digital finance, Ramaswamy has actively advocated for a extra sturdy crypto ecosystem within the US. During the Bitcoin 2023 convention held in Miami, he introduced his marketing campaign’s acceptance of Bitcoin donations, changing into the second candidate within the 2024 US presidential race to take action. 

Just introduced we’re formally accepting #Bitcoin donations.
Give $1.
Let’s make the 2024 election a referendum on fiat forex. https://t.co/KrHJdomtCh pic.twitter.com/OkVmoBmTFz

— Vivek Ramaswamy (@VivekGRamaswamy) May 20, 2023

Ramaswamy showcased a QR code on the convention, which directed customers to a fee gateway with a number of donation choices, together with Bitcoin and satoshis. In return for contributions as much as the $6,600 restrict, eligible donors would obtain an unique nonfungible token (NFT) as a present of appreciation.

Ramaswamy’s resolution follows the footsteps of Robert F. Kennedy Jr., the first US presidential candidate to accept Bitcoin donations. Such strikes from political candidates signify the rising significance and affect of cryptocurrencies in the way forward for finance.

A Growing Republican Voice

Ramaswamy’s beliefs resonate with the Republican base. In a social media put up, he laid out ten factors detailing his conservative views, together with statements like “God is real,” “The nuclear family is the greatest form of governance known to mankind,” and “The U.S. Constitution is the strongest guarantor of freedoms in history.” His rising recognition has seen him inching nearer to the pro-Bitcoin Florida Governor, Ron DeSantis, within the Republican presidential subject.

However, Ramaswamy’s political journey isn’t with out challenges. He is going through two lawsuits from former staff at Strive Asset Management, the corporate he co-founded. The staff declare they had been pressured into violating securities legal guidelines throughout their tenure on the agency.

Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency area for two years now. Previously he co-founded Govt. of India supported startup InThinks and is at present Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has printed greater than 100 articles on cryptocurrency and blockchain and has assisted quite a lot of ICO’s of their success. He has co-designed blockchain improvement industrial coaching and has hosted many interviews in previous. Follow him on Twitter at @sharmasunil8114 and attain out to him at sunil (at) coingape.com

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