US presidential hopeful Vivek Ramaswamy says that the government is refusing to fully embrace Bitcoin (BTC) because it sees the top digital asset as a threat to its existence.
In a new interview on the What Bitcoin Did podcast, Ramaswamy says Senator Elizabeth Warren’s (D-Mass.) stance on Bitcoin is due to a different worldview.
Warren, a vocal crypto critic, is pushing for the Digital Asset Anti-Money Laundering Act, a bill that blockchain lobbyists say would introduce a de facto ban on digital assets in the US.
According to the presidential aspirant, the worldview shared by Warren and the US government is vastly different from what regular people believe.
”Those of us who are having this conversation believe that we, as individuals, create a government that’s accountable to us.
The alternative worldview, to understand it, is that the state predates the individual. Your rights come from the government. They’re not independent of that and so this proposes a threat to the existence of that state. Then, it’s perfectly within the rights of the state to come after and prevent that from existing.”
Ramaswamy says that people who are seeking support for digital assets are mistaken in thinking that educating politicians will change their view on crypto.
“The problem isn’t that they don’t know what Bitcoin represents. It’s that they do, and that’s actually what creates the anaphylactic response.”
The presidential candidate also says he will bring up the issue of Bitcoin in debates.
“I’ve already told the moderators in the Republican Party. This should be a topic we need to be talking about. If they don’t [bring Bitcoin up], I will.”
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