At a rally on Wednesday, Republican presidential nominee Donald Trump praised cryptocurrency advocate Vivek Ramaswamy and indicated interest in including him in his potential administration.
What Happened: During the rally in Pennsylvania, Trump signaled that if he’s elected, Ramaswamy could have a significant role in his administration. "I do hope that because we can put him in charge of one of these big monsters, and he’ll do a better job than anybody you can think of," the former president said.
While Trump called Ramaswamy “smart as hell” and “nasty,” he mentioned that he initially thought competing against him would be “easy,” but found it to be quite the opposite. Trump also said that Ramaswamy knew many things that others did not.
Polymarket shows that Vivek Ramaswamy has odds of 11% to replace J.D. Vance as Ohio’s U.S. senator, indicating he is viewed as a long shot in the upcoming election. Meanwhile, Trump’s odds of winning the presidential election are at 54%, while Kamala Harris’s odds are 45%.
Why It Matters: In a Wednesday tweet, Ramaswamy encouraged American voters to vote for Trump because he can “restore law and order in the country… defeat the deep state… fight inflation… and revive our national identity.”
In January, Ramaswamy dropped out of the GOP presidential race and endorsed Trump.
In November 2023, Ramaswamy shared a crypto plan to protect the industry, stating that the majority of the cryptocurrencies are commodities that are out of the purview of the SEC’s business, according to CoinDesk. Ramaswamy told the outlet that “a big part of what we’re missing today is clarity from our regulators.”
What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
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Photo: Gage Skidmore on flickr
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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