Riding The Wave News Summary 183

Vivek Ramaswamy Is Drafting a 'Crypto Policy Framework', Brazilian lawmakers seek to add crypto to debtors’ protected assets list, & more.

Sep 21, 2023

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Vivek Ramaswamy Is Drafting a 'Crypto Policy Framework'

NEW YORK – GOP presidential hopeful Vivek Ramaswamy took the stage at Messari’s Mainnet crypto conference on Wednesday evening and announced plans to release a “comprehensive crypto policy framework” by Thanksgiving.
In a “fireside chat” with data company Messari CEO Ryan Selkis, Ramaswamy’s brief remarks – which touched on recent SEC rulings and crypto’s role as a disruptor for traditional finance – painted a generally rosy picture of blockchain technology and delivered a scathing indictment of “three-letter” regulatory agencies.
Selkis said he’d seen the framework and concurred with the GOP candidate that it’s currently “75% there.”
Ramaswamy said he has “relatively strong views on what the future of governmental interface with crypto should be,” zeroing in on what he called an “unconstitutional fourth branch of government” – regulators.
“That is the cancer at the heart of our federal government today,” said Ramaswamy. “Most of the political power is wielded by people who are never elected to their positions that sit in the back of three-letter government agency buildings in Washington DC in a three-letter regulatory alphabet soup.”

A CNN poll released Wednesday placed the political newcomer second to Donald Trump in the nomination race – ahead of Florida Governor Ron DeSantis, who was widely considered Trump’s main competition in the early days of campaigning.

Full Article

Brazilian lawmakers seek to add crypto to debtors’ protected assets list

As Brazilian lawmakers discuss a bill that would grant strong protection to a sizable portion of the savings assets of debtors, a separate initiative is seeking to include crypto in the latest version of the bill.
Bill 4.420/2021, authored by Deputy Carlos Bezerra, is currently being considered by the Committee on the Constitution, Justice and Citizenship in the Chamber of Deputies of the National Congress of Brazil. Amending the Code of Civil Procedure, issued in 2015, it aims to protect the private savings of individuals up to an amount equal to 40 minimum wages from potential seizure on behalf of their creditors.

Such inclusion became possible after the Brazilian crypto framework was enacted in June 2023. The current amendment refers to this framework, defining virtual assets as “digital representations of value that can be traded or transferred via electronic means and used for making payments or investments.”

Full Article

Stanford to return millions in crypto donations from FTX

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