Elon Musk Praises Pro-Bitcoin Candidate Vivek Ramaswamy

A total of 16 registrations for Ether or Bitcoin-Ether futures ETFs have been submitted to the Securities and Exchange Commission (SEC).

Elon Musk, the chairman and chief technology officer of X corp, has lauded Vivek Ramaswamy, an aspiring Republican presidential contender in the United States of America. 

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Elon Musk Reacts to Ramaswamy’s Interview

Elon Musk remarked as a reply to an episode of Ramaswamy in Tucker Carlson’s Tucker on Twitter podcast. He noted: “Vivek Ramaswamy is the youngest-ever Republican presidential candidate.” Musk went on to say: “He is a very promising candidate.”

Ramaswamy is a Pro-Bitcoin Candidate

The rising leader is well-known for his attempts to strengthen the crypto situation in the United States. Ramaswamy’s growing profile has led him into interactions with fellow Republican Ron DeSantis, Florida’s Bitcoin-lover Governor. 

However, Ramaswamy’s foray into politics comes with difficulties. He is right now the target of two lawsuits filed by ex Strive Asset Management employees. Employees accused that they have been compelled to violate securities regulations while working for the company.

Ramaswamy to Accept Donations in Bitcoin 

Ramaswamy became the second presidential candidate in the 2024 U.S. election contest to support BTC when he announced at the Bitcoin 2023 conference in Miami that his campaign will accept Bitcoin donations. On the occasion, he said: “Let’s make the 2024 election a referendum on fiat currency.”  

Standing on stage, Ramaswamy displayed a QR code that, when scanned, links attendees to a financial portal that takes numerous payment options for donations, including BTC and Satoshis, Bitcoin’s smallest value. Furthermore, it was disclosed that worthy donors were going to be awarded a unique nonfungible token for contributions up to $6,600.

Candidates Come Out in Support of Crypto

Interestingly, the news came just a few days after Robert F. Kennedy Jr. became the first Republican presidential candidate in the nation’s history to endorse Bitcoin contributions for his campaigns. 

However, the use of Bitcoin by political leaders may draw the focus and investigation of a variety of stakeholders, including regulators, the media, and the general public. Concerns may arise regarding the source of the donations, cryptocurrency volatility, and the overall political perception of cryptocurrency.

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