Ramaswamy, an advocate for Bitcoin, withdraws from the US presidential campaign.
Bitcoin (BTC) advocate Vivek Ramaswamy has officially exited the race for the U.S. presidency.
In a statement on January 16, Ramaswamy publicly endorsed Donald Trump’s candidacy, emphasizing the need for a patriot focused on America.
Ramaswamy withdrew his bid after Trump emerged victorious in the Iowa GOP primary, securing 51% of the vote. Florida Governor Ron DeSantis received 21%, while former South Carolina Governor Nikki Haley garnered 19%.
Ramaswamy has consistently claimed that he is the only candidate who truly comprehends the blockchain. The politician opposed the integration of a central bank digital currency (CBDC), vowed to reduce taxes on mining, and criticized the actions of U.S. Securities and Exchange Commission Chairman Gary Gensler.
In addition to Ramaswamy, cryptocurrency advocate and Miami Mayor Francis Suarez withdrew from the 2024 election in August 2023 after failing to advance past the GOP debate stage. As mayor, Suarez has made notable decisions, such as accepting part of his salary in Bitcoin and endorsing the MiamiCoin (MIA) token project. Alongside Democratic candidate Robert F. Kennedy Jr., Suarez was one of the few 2024 U.S. presidential hopefuls who supported cryptocurrencies.
Among the current presidential candidates, only Robert Francis Kennedy Jr. backs cryptocurrencies. If elected, he pledges to safeguard the rights to use and possess Bitcoin.
For more information, read:
Robert F. Kennedy Jr. discloses ownership of up to $250,000 in bitcoin, according to financial records.
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