X (formerly Twitter) chairman and chief technology officer Elon Musk has praised Vivek Ramaswamy, the young and emerging United States Republican presidential candidate.
Musk responded to a snippet of Ramaswamy’s interview on Tucker Carlson’s Tucker on Twitter podcast, saying, “Vivek Ramaswamy is the youngest-ever Republican presidential candidate.“ Musk added, “He is a very promising candidate.“
Renowned for his candid opinions on digital finance and cryptocurrencies, Ramaswamy has pushed for a stronger crypto environment within the United States. At the Bitcoin 2023 conference in Miami, he revealed his campaign would receive Bitcoin (BTC) contributions, making him the second presidential contender in the 2024 U.S. election race to endorse BTC.
He is a very promising candidate https://t.co/bEQU8L21nd
— Elon Musk (@elonmusk) August 17, 2023
During the event, Ramaswamy unveiled a QR code that led attendees to a donation portal offering various contribution avenues, encompassing Bitcoin and satoshis. For contributions within the $6,600 limit, qualifying donors would be granted an exclusive nonfungible token (NFT) as a gesture of gratitude.
Ramaswamy’s choice mirrors the precedent set by Robert F. Kennedy Jr., who became the initial US presidential contender to embrace Bitcoin donations. These actions by political aspirants underscore the rising significance and impact of cryptocurrencies in shaping the financial landscape ahead.
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Ramaswamy’s convictions align with the sentiments of the Republican constituency. His surging popularity has brought him into proximity with fellow Republican Ron DeSantis, the Bitcoin-friendly Governor of Florida, in the presidential race.
Nevertheless, Ramaswamy’s venture into politics is not devoid of hurdles. He currently confronts legal obstacles in the form of two lawsuits initiated by former personnel of Strive Asset Management, a firm he co-established. Allegedly, these employees contend that they were coerced into transgressing securities regulations during their employment at the company.
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